Make sure to checkout all the materials under the "learn" tab, especially the podcats, great for those long commutes.

The last 12 months will give you a trend and tell a story of what's going on.Get a rent roll with delinquency as well.30 day DD is enough time, but that starts only when you get all due diligence materials!

So yes, you need to set aside enough money to pay future taxes.Taxes are calculated only on your net profit - i.e. after everything is deducted, including labor & materials, holding costs, financing costs and business overhead such as marketing and driving. 

They are unique in the fact that the development is completely vertically integrated project in which they do everything from manufacturing the building materials to manage your property.

Under this rule, if your average stay is seven days or less and you materially participate in managing the property, you can treat it as non-passive income and potentially use tax losses (like depreciation) to offset other income.

How is material participation defined?

Better pricing on material?

If he is not eligible to claim REP status, is he eligible to claim he materially participates in the deals (even the ones with <5% ownership)?

Good contractors don't walk off jobs and they can justify their bid with a written estimate showing cost of materials and labor so you can compare it with any other bid.

Hey Thomas, seasonality may be a factor but you may just need to switch it up with new marketing material as the old may have been seen before.