Also, should I be tracking all these hours for the STR active management 100 hours or does that only apply after purchasing the first property?

The best way to utilize this platform is to utilize it frequently...be active, provide value!

Look for REIA (Real Estate Investor Association) meetings or local Facebook groups where active investors share deals and strategies.One of the quickest ways to learn is by offering to help experienced wholesalers with tasks like cold calling, driving for dollars, or handling follow-ups in exchange for mentorship.

Hey, AbigailThere is a lot of great information provided here and I agree with most everything.

Real estate investing CAN be a great field as either an investor or as a service provider.  

I have since passed my Real Estate License Exam and plan to be more active in the forums.

With STRs provided he passes "material participation" test and some other restrictionsB.

Thank you for any guidance you can provide.

@John ClarkAn LLC does not necessarily need to be actively conducting business in its registered state for liability protection to apply, but it must be properly maintained, compliant with state laws, and treated as a separate legal entity.

--- Even if only use it 65% of the time, you can incorporate as standard part of lease with a checkbox to activated it:)We do NOT recommend a small increase for MTM lease!