So, like many, I've been intentionally on the sideline, but staying quite active with learning and keeping up with the economic data.

Hey Ammar,Yes, you are correct that owning and actively managing rental properties can qualify you for real estate professional status (REPS) under IRS rules.

Hi all,Been a BP pod listener for the last few months and am pushing myself to be more active here as well.

I have little knowledge, but actively am studying and reading each day, but I do love what I have learned thus far.

There are fewer regulatory and tax implications compared to short-term rentals.Short-Term Rental: Can provide higher income but requires more active management, marketing, and maintenance.

Are you being paid to promote Wenatchee? 

I have been through numerous CRM reviews but many seem to be affiliate/promotions in disguise or at least lack objective comparative context. 

You can qualify for this by:Having tenants for 7 days or less at a time.Materially participate, typically with the test: You participated in the activity for more than 100 hours during the tax year, and you participated at least as much as any other individual (including individuals who didn’t own any interest in the activity) for the year.If you materially participate, you can offset your non-passive income even if you have W-2 income.

Hi Ashutosh,I am a beginner just like you, are you still active in the high desert area?

You shouldn’t have to go to a internet forum where you happen to find a guy who knows the area who then finds the guy who is actively working on your home with your money.Kevin hired the guy.