To qualify for active treatment and unlock potential tax savings, you must meet the material participation rules outlined by the IRS.

It's not a real common concept here in DFW area, but I love it.Buyers have no downtime, no rent rate risk, lower vacancy risk, potentially instant cash flow day 1. 

Sounds like we may have a few things in common on that! 

Actually fairly common, depending on what you're looking for property wise going forward. 

This is common throughout Southern ME, not just Biddo/Saco.

A common example is Cleveland.

Things in your tax filing need to be really off to do this.Being a REP/active participant and using cost seg to offset a spouses (or your own if that's all you do) W-2 wages is fairly common practice.

Short 1.5 minute video walk through of all of the rooms, bathrooms, common areas, etc. 

Probably go for a 3 bedroom with an office or dining I could convert into a 4th bedroom and shared common areas, would have covered everything with airbnb and still covered most with long term. 

Starting out, it’s common for new investors to own rentals personally to access better loan terms.You will most likely have to buy it in your personal name and move to LLC later.This post does not create a CPA-Client relationship.