We would like for the investment to be treated as active, of course.

Communicate expectations upfront—because once they start double-parking or treating the place like a frat house, it’s game over.Cameras, Cameras EverywhereYou’d think adults wouldn’t steal each other’s food, right?

I just bought it in the fall and am trying to complete a bunch of modifications during off-season (e.g. metal roof, certain safety features, treating the deck, possibly updating the fire pit area, etc). 

Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

I repeat this often in this forum; Understand how to screen, understand the community you are serving, understand the culture and treat your tenants with respect.

Yes, there are many out there that do it and nothing bad has ever happened, and I say kudos to that, I just would never do that.

Since I will be managing it after purchase, you can be certain I'm not going to sell you a bad investment.

That would be you.Gail Just because it says malicious doesn't mean the animals were mean or bad.

Do you suggest file 1065 or be treated as disregarded entity on schedule E. 

That’s a Cardone-level play—treat asset management as the CEO of your investment.