How do people who acquire and manage STR's track the time for their Active Material Participation activities? 

Will respect your space.Thank you all for participating and please finalize your arrangements and requests by August 31st, 2024. 

The 4th ward rentals are mostly owned by absentee landlords who treat getting citations from the city as a to-do list for bare minimum upkeep.

I'm over on the West Side of the state so wouldn't be able to do a meet up in Detroit but I know there are some Detroit agents around so just keep monitoring this thread and I'm sure you'll get some participants soon

The small market size and relationship-based transactions make it difficult for new or smaller players to participate, which aligns with the earlier observation about the lack of services for individual investors.Overall, this market seems to present challenges for growth or democratization, as its current structure favors established, well-connected players with significant capital.

@Usman Khan Yes, you can apply the short-term rental tax loophole to the STR units (80%) in your triplex if you meet the material participation requirements and have average stays of less than 7 days.

Marcus - your post is on an old thread and the prior participants may well have moved on to other topics.I think what you're asking can be answered this way:Every State has different laws concerning probating decedent's estates.

Thank to all of you that participate on here!!!

They were distributing barely 2% for the past year and now have paused distributions this quarter.

Unless you're charging bare-bones prices, someone will want to control their own comfort.