I've worked with dozens of investors who have tested both the standard and premium listings on Zillow.

I have 0% equity since I just got the home.For starters, I would go back to all of the people complaining about the condition and test whether providing a repair allowance at closing would make a difference.

START by leasing a property and testing your hosting biz. 

Look up the Howey Test for a definition of investment contracts.Sounds like a really good deal.

High crime, drug house next to us.  

@Nathan Gesner Conducting a quick test.

If you meet this first test, you are a REP...now determine if you can use the benefits of it.2) if you or your spouse meet test 1, THEN you can make an election to combine all your RENTAL activities together for purposes of determining if materially participate in your rental activities.  3) So you met test 1, made the election under #2 - now you see if you materially participate in your rental activities. 

Here are the ways you can qualify for material participation per IRS publication 925: https://www.irs.gov/publications/p925#en_US_2023_publink1000...Material participation tests.You materially participated in a trade or business activity for a tax year if you satisfy any of the following tests.1.

It became everything from a drug den to sex trafficking to an illegal auto body shop.

There are 7 material participation tests and these are the 3 most common for real estate investors AND you need to meet one of them: Spend more than 500 hours on your rental businessDo substantially everything for the rental businessSpend more than 100 hours on the activity and no one other individual spends more time than you doAnother way to offset non-passive income (e.g.