As Michael mentioned you just need to respond to the IRS and state this is what you're doing.

@Kerry Hermann - the posts by @Michael Ewers and @Samuel Coronado were solid advice (I don't know Nita Cook whom Sam referenced, so that's the only part of his post I can not comment on).I second what Michael said about the market here - it was fantastic from 2017 (when I started) through 2022 - then it really started to crater in 2023 (although we still found some deals), and the bottom completely dropped out in 2024 (found one small commercial deal and one residential flip deal in 2024 - that's it). 

Then based on @Michael Baum's suggestion, I think I will have my cleaner and/or maintenance person do monthly/quarterly maintenance like using using enzyme based cleaners, grease fighting drain treatments and hot water flushing. 

@Michael EwersHe just replied. 

@Michael ReilmanKohler and American Standard both make great toilets, but Kohler toilets have unique parts that you can't replace at Home Depot or Lowe's.

Thank you Michael.

Quote from @Renee Tan: Quote from @Michael Smythe: Why do you want to learn Yardi?

@Michael HoustonSo cap rates are for commercial properties so they have no use in 1-4 unit values.

@Michael LabudzkiWhat category of commercial real estate are you considering?

@Michael Long less than 5% of agents really understand what an investor is looking for!