To minimize upfront costs, explore down payment assistance programs, creative financing strategies like seller financing, or rent-to-own agreements. 

@Eric Winkler Can you provide any assistance to us?

Now i think i’ll take a second look at that with the info i have now, i’ll be sure to credit you with an assist if it all works out lol

However, we will likely need a property manager to assist with some facets of running this rental (since we would not live locally) and would primarily market it through platforms such as Airbnb and VRBO to start, (eventually setting up a direct booking process).Here's our question for those who have experience in STR's or who might be involved in a similar scenario: How challenging is it to meet the material participation hours needed to achieve active status?

I will manage the property through my assistant.

They provide one-on-one assistance from my specially assigned   advisor if I need more extensive assistance for an hour a day during zoom, in 15 min interval appts.

**Regular Visits:** Plan periodic visits to your properties to ensure everything is running smoothly and to address any major issues.If you have any specific concerns or need further assistance, feel free to reach out.

If you have questions, he will answer you directly (vs. moderators or coaching assistants). 

Hopefully, you can meet genuine people that want you to succeed and will assist you in your endeavors without trying to take advantage of you.

Let me know if you need any assistance with resources!