I’m a longtime investor and Realtor from the DC metro area as well-  BP is a terrific resource to help you grow both your investment portfolio and better support your investor clients!

Is there any supporting documentation that I could have the current renters fill out prior to purchasing the property?

ya I kind of figured that.. most folks on this site are probably still looking for those rates through a real secured vehicle an they dont exist..

This is a common question among real estate owners.Let's dive in:The reality is that wealthy families often pass on real estate assets from generation to generation.For example, if one generation has an RE entrepreneur who amasses $50 million worth of real estate, that portfolio can generate enough cash flow to support multiple future generations comfortably when passed on.So, what happens if that initial investor built their empire by rapidly depreciating assets and using 1031 exchanges to lower the basis and defer taxes along the way?

I don't see any kind of benefit to being setup that way IMHO.

As for audits, the IRS may scrutinize high-income taxpayers claiming REPS, so detailed time logs and supporting documentation for material participation are crucial.

That's kind of irrelevent now...the fact remains that she did show the homes to you.

Your doing all the hard work and they do the rest..it's been a year since I started and I was informed today that I will most likely not be seeing any kind of payment because I have a low amount of files turned in.

If so I would reach out to your agent and ask if they have any good investor friendly insurance broker referrals so you can have someone doing this kind of work for you and just presenting you with options!

Yes if you mean support yourself after you finish your regular job effectively using rent as a pension.