There are seven tests, however the most relevant tests for STR investors include:Perform substantially all the work related to the activity.Participate over 500 hours during the tax year.Participate over 100 hours during the tax year and no one else participated more.If your property meets one of the exceptions above AND you meet one of the above tests, you can qualify to treat your rental activity as non-passive.

Tenants told me seller had tried to sell to investors before but after meth test came back positive they were going to drop the price significantly. 

It is an intensive leasing process each year, from the advertising to handling inquiries, applications, showings, etc. 

You have 3 tests to meet in 2024, all 3 of them.1.

Hey everyone,So I applied to test for a GC license in California, but was short on experience.

If one partner is more capital intensive vs others all that will be spelled out. 

That's a great situation that you're in with your employer sending you out to test these markets over the next 18 months.I am from Pittsburgh and happy to answer any questions you have about the market here.

I live in the Tahoe takes regular upkeep from the snow to the intense sun to wildfire risks. 

The city stated they will send someone out to test the meter and yes, I charge the tenants a 5% late fee for late payments. 

"One or more of the sink drain lines had leaks under them when tested.