If you are going to self manage you will need to build business systems and get a list of reliable vendors.  

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

It would be nice if you gave them more than that, because it takes a lot of effort to move a business (online marketing, business cards, etc.).

They seem to lack substance listening to their initial information.I liked Mark Podolsky but I was not a fan of his model. 

I’m looking to get started in the fix-and-flip business and have a few questions.

If you have no experience in commercial real estate, much less mobile home park management, this is an intricate business not well-suited for out-of-state when you are getting started.

However, I am still very hands-on for my management business, typically logging 80 hours a week between my two jobs.

Get busy making money.  

Property management....it just make business sense as a leverage point for efficiency of your time. 

You must have the Business tax license & pay all the fees required.