The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.

I talked to a Lady in Nashville and walked her through the process and she was able to do this and made some pretty spectacular gains on recreating old parcels.

Get ready ladies and gentleman.

I spoke with a lady who started off with very little like myself and built her portfolio up to 9 joint venture properties and had been pretty happy with the relationship.

After that, the lady who was my liaison at Lee’s company stopped having any contact with me.I cannot tell you how bad of a mess the 2ndcontractor made.

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

Yet somehow I did not have the lady taking the packages on camera (maybe she did not and it was weird set of circumstances with packages delivered to the wrong address).   

Quote from @Cam Warren: Hey I’m new to the bigger pockets community.

Painters hispanic owned hispanic workers Landscape hispanic owned hispanic workers  final clean Eastern block owned eastern block ladies speak no english.

Any of the above kills the STR loophole under this "substantially all work" option for material participation.Is there a way to qualify if all my outside help was a cleaning lady for 2 hours?