AND have provided the 150 hrs of material participation and not have had any other person perform longer work hours than you.

When it comes to creative finance, I personally lean more towards seller finance as I like getting to work with owners and building relationships with them.

As for my Airbnb research, I have spoken with a person who runs numerous Airbnb’s in a different area (city atmosphere) who provided good ideas on how to smoothly run the property.

Divorce, always be the bigger person, let them have it all.

It does later say in the agreement that it is:"binding upon persons who own, lease, sublease, or occupy any parcel or portion thereof"The inclusion of which seems to imply that long term renting and/or subleasing would NOT be commercial use.I'm trying to figure out if I'm taking a significant risk buying this property for use as an STR.

I personally own a handful of rentals here and while it is a bit harder to find those cashflowing deals - they are there!

A friend advised me to check reviews online and look for someone local with experience in single-family homes.

Thanks, and that is what I’m so concerned about, is issuing 1099’s (either myself or CPA) in error and really causing a mess for the person receiving them.

I personally still quit claim to my LLC after closing.

I personally read 2 books about wholesaling that cost me under $100, which gave me a solid foundation.