Hey congrats this is just like the DA who becomes a defense lawyer or an IRS agent who switch's sides and represents those being audited  etc etc..

Did the IRS have issues with the 100 hours of material participation for only two months out of the year?

The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.

It's weird when you've been investing for 25 years and just hopped onto BP and then crack back against someone with pretty good advice.

Keep in mind platform fee's are, by the IRS definition, also revenue. 

Happy to hop on a call!

(Part two),,,Now that it's a rental the IRS will take 100k+ if you decide to sell.Put 500k in a Vanguard or Schwab Money market fund, you'll make in interest the same amount you make in rent without dealing with entitled tenants and repairs.If you insist on being a landlord, take the money and buy five places and spread out your risk.

There is a unique tax deduction in the US called a “conservation easement.”It was designed by the IRS to encourage real estate owners to make pristine land, that could be enjoyed by the public, a conservation ground, and thus un-developable.In return, the landowner could treat the act of granting a “conservation easement” as tax-deductible.

If they are willing to Lie to the IRS, they are willing to Lie to you.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.