From my understanding, based on my experience buying and selling properties in Texas, any known repair or damage—even if resolved—should still be disclosed, along with a note explaining that it was fixed.

Here’s the situation (personal details removed):The tenant reached out explaining that they’re going through financial difficulties due to an ongoing divorce and lack of child support.

You can do this exact same thing with rentals and I'm happy to explain how it can work if you're interested.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Quote from @Marc Winter: Marc, that explains why I'm not getting any traction on my topic!

The amount of knowledge & information explained and provided is mind boggling honestly.

Quote from @Geri Randall: BUYER BEWARE: Goodegg distributions "paused"Goodegg has stopped distributions on the offering I bought a couple of years ago, called Congaree Villas, and has not been forthcoming with revised financial projections that explain why it has done so--even though it says the property is still cash flow positive and has adequate reserves.

The rules are more complicated than your one sentence, and even Tom did not have the time to explain all of them on his podcast. 500 hours is one way to qualify for material  participation, and there are other ways.

Trying to understand the strategy for investment properties with next gen configuration from the experienced. tysm in advance.Go ahead & explain "properties with next gen configuration" so we know what you're  talking about. 

Explain how difficult it will be for them to rent in the future.