While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

I hear that some STR businesses are able to classify as actively managed / active income given similar activities.If i were to switch at this point, I would certainly go ahead and pay their fees gladly given that they have already completed the majority of it!

Open up a separate bank account just for your rental activity.At the end of the year, export the date into excel and properly classify each transaction as income or an expense.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

Did you use the classifieds section? 

If the step looked good on a cursory inspection and was reported as such, gross might not work.Of course if there are obviously rotten deck boards, steps and railings, then any kind of injury could be classified as gross negligence.

However, now I'm learning that I should be able to do the same thing and just classify the LLC as an S Corp when filing my taxes and it avoids nearly all of the self employment taxes. 

What are the benefits of her being "Classified" as a full-time investor?

Some are posted to the Real Estate Events & Meetups under Real Estate Classifieds on BiggerPockets, Eventbrite, and the numerous investor Facebook pages.