If you work 40 - 50 hours a week in a full-time W-2 job I'm not sure how this would create a conflict with claiming that you meet the 500-hour material participation rule provided you are completing the hours that count toward material participation. 

My advice come with no bias or conflict of interest.  

Hello,I'm looking to purchase a condo as a LTR investment but have received some conflicting advice. 

@Rene Hosman Generally, Reasons for Land Swaps are to: - Resolving zoning conflicts - Acquiring strategically important properties - Consolidating land holdings - Avoiding costly legal battles - Achieving public policy goalsWhen I was a Planning Commissioner projects would discuss land swaps for larger development projects to make sure the community impact was greater (typically gaining conservation land for us) than just allowing a rezone to be approved without public benefit.

Many agents do because they want to help or have to but the conflict is real. 

.: I am getting conflicting information from 2 entities that help create LLCsThe property I am buying is in Arkansas, but I want to open an LLC in Wyoming One entity that helps creates LLCs is telling me that the WY LLC can own a property in Arkansas.Another entity that helps creates LLCs is telling me that the WY LLC cannot own a property in Arkansas, and I will need to create another LLC in Arkansas and the WY LLC will own/manage the Arkansas LLC.Can anyone who has actually created a WY LLC and used it to purchase property elsewhere answer this question for me please?

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

It'd be better to pocket the cash in my opinion and invest elsewhere.It seems like there's a bit of conflict between where you are and where you'd like to be.

You are going to get conflicting responses on this because a lot of it comes down to your plans and your tolerance for risk, which are things known only to you.

Chris is telling you to provide more details.The people on this thread have a combined hundred years of experience, conflicting opinions, and have been real with you.