It’s just important to make sure you stay compliant with IRS rules and work with a provider that has solid experience in real estate.If your goal is long-term cash flow and less hands-on involvement, I'd also suggest looking into turnkey single-family rentals in landlord-friendly markets in the Midwest or Southeast-properties that are either new builds or recently renovated with tenants in place.

To stay compliant, document when the property became available for rent and track your time and activities clearly.This post does not create a CPA-Client relationship.

Because the home needs to pass a housing quality inspection, you’re more likely to maintain a safer, code-compliant property.

Screening ProcessStart with a written rental criteria policy (so you're consistent and compliant with Fair Housing).Use a screening service built into your property management software for credit/criminal history.For income verification, go beyond PDFs.

Delaware statutory trusts are another passive vehicle that is 1031 compliant and will allow you to later sell and 1031 back into bricks and mortar if interest rates are more attractive.

At this point I’m considering making up a placeholder number just to get my payouts released, but I’d obviously prefer to stay compliant if there's a legit process.Any insight or experience would be really appreciated!

Surface- Rock or hard surface (concrete/asphalt);If on rock/asphalt put your tongue leg or stabilizer pads on widerpads to spread the weight out.

So you need a landscaper and a concrete contractor and 30-50k. 

No matter the strategy, setting up the right legal structure (like an LLC) is key for asset protection and tax optimization, and having a real estate CPA on your team will help you maximize deductions and stay compliant.

Only a skilled property manager keeps you compliant, often through organizations like NARPM.