I also have a full time job, which really limits the amount of time I can dedicate to rental properties.

this job is not easy to manage but im a hard working woman and I can do this, was married for 29 years, have 6 kids, age 27 years old, 22, 15, 11, 9 and 8 years old, my work for 22 years was my home, my life was dedicated to my family, now im starting a new life with my kids and decided to invest in real estate, I don't know much about investing im new here, but im learning a lot here with BiggerPockets, thank you very much for what you do, my new challenge is to manage my midterm vacation ren Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Ask if the GC has any employees (or dedicated crews).

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

If there are two parking spaces, they should be labeled so each tenant has a dedicated space.

Qualification Tests Overview:50% Test: Real estate professionals must dedicate over half of their annual working time to a "real property trade or business."

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

I have a team of trusted professionals ready to assist you wherever you may be.I'm incredibly passionate about helping individuals like yourselves embark on their investment journey, and I'm dedicated to making the process as seamless and rewarding as possible.