But as I focus exclusively on representing landlords in their interactions with Housing Authorities, my perspective has shifted significantly.

Hi @Errol Graham, we use QuickBooks Online exclusively for all of our REI Clients.

It will be manual but will get the job done for 1 property.Now, for a PM software, we usually recommend Buildium if you're under 50 units and Appfolio if you're over 50 units.We exclusively use QuickBooks Online for all of our REI bookkeeping clients but that's for their master accounting software.

Also, FYI, on most holidays Lowes does an .89 square foot install cost. 

I have more pictures of Christmas decorations  but of course some people book months ago for Christmas and Thanksgiving.Since Pogeon Forge is a huge holiday destination we get a couple Christmas pictures up year round.

Knocking out improvements over the holidays, and selling beginning of the year when interest rates drop and home prices increase due to demand.

Not really...some people exclusively wholesale. 

Tenants, "go into Holiday-mode" and start spending disposable income (and racking up their credit cards) on Thanksgiving feasts & trips, Xmas presents & trips, and finally NYE plans.3) Income Tax Refund checks start being received towards the end of February and corresponding, the rental market starts picking up again as tenants payoff their “Holiday Hangovers".4) Spring Fever starts, sometime in April-May, causing both sales & rental markets to start picking up.

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

Happy Holidays and New Year!