Timber long term or short term buy and log ( something I did for many years and extremely profitable if you know what your doing..) 100% OPM and returns in the 6 to 7 figures within a year.

And people would still take a dump with no way to flush their logs.😱  So we had to start taping the commode lids shut with clear tape and putting a sign on the commode that the water was off so please don’t use.

Hey @Sophia Oberlander, based on the tax court cases I've seen it would depend on how strong their other hours logged are.

Also take a look at the tax record https://parcelviewer.geodecisions.com/Chesapeake/Account/Log... see what other kind of structure are attached to the building.  

It was on my home page today when I logged in.

How this usually works in practice is that one partner owns the bookkeeping process and distributes monthly financial and rehab reports to the other partner so that they're both in the loop without the other partner having to log into QBO. 

Would love to learn about pain points from other property managers.So I have a career background working in software and am currently applying simply builds to common monthly tasks such as sending, receiving, and logging payments for rents.

I'm looking for a spreadsheet or tool to use an example to log and track hours spent on real estate Managment.

I've got over 1000 repeat tenants out of 1800 total tenants.That makes sense as far as how to set up your networks, but do you have each of the 23 STRs on a separate log-in with your service provider?  

Unsuccessful Property Search: Hours spent on unsuccessful property searches, where no purchase is made, do not qualify.On-Call Periods: Instances where you are on-call but do not actively perform work do not count towards material participation.Meeting Requirements:Maintain Detailed Records: Keep accurate time logs and records documenting your involvement in material participation activities, supported by evidence such as emails and calendar appointments.Seek Professional Guidance: Collaborate with a qualified tax professional to ensure compliance with IRS regulations and to optimize your material participation strategy.I hope this high-level overview gives you insight into what activities matter and ones that do not.