I’m a real estate pro so material participation isn’t an issue, but the majority of my clients are in the $300k-$900k/yr gross household income range and so using STRs is not only the best way to get great ROI on real estate nowadays but the tax benefits are the primary driver for most including myself.  

I don't know you but I'm proud of you!!!

But what you’re encouraging is that when I am 23, I should use the first 4 or so years just building a portfolio of LTR’s and then when I am 27, look into leveraging STR’s to meet the “Real Estate Professional Status” and “Material Participation” the IRS outlines, correct? 

Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test.

The rub is there's no way to force the seller to participate so there's a chance you could end up having to file a claim anyway. 

You can have no active participation in any investment made in your retirement account without triggering the unrelated business income tax.  

To fellow new investors, we would love to connect and share experiences on this journey.We look forward to participating in local real estate investment meetings.Thank you in advance!

@Chuk ObiaziReal estate investing can be aided by joining local REIAs, attending networking events, and participating in mentorship programs.

But the mastermind course contents and participants gave me confidence to do something.I agree that I can squeak out an OK return if the current course and speed continues.

If you can't tell, I'm incredibly proud of her.