If you want to activate it, you can simply log in with your BP Account - Activate RentRedi Perk

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

He prioritizes deals with substantial margins, mitigating rate increases, and actively manages rehab costs to maximize profitability by being heavily involved in the process and GCing his own projects.

NMLS call center said they have no problem with it but it strikes me as odd that the MU4 filing requires you to disclose other 'financial related activity'. 

My research has resulting in understanding that REP status can be used to take losses in STR property against other active/non-passive income (such as w2), however there is a qualification of material participation. 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

If you do, you'll want to activate your free RentRedi subscription that all BiggerPockets Pro Members have access to.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

I actively buy real estate in Arizona.

You can break it out by general RE activities and material participation.