To break this down...To get the benefit of REPS, it is a two part test.1) more than 50% of hours AND over 750 hours in real property trades or businesses. spouses cannot combine time to meet these thresholds, one spouse must hit this on their own.

So before you get ready to attempt to rip your Landlord a new one, first go take it up with the local taxing authority, then go have it out with the insurance industry, then gripe to the neighborhood HOA (if applicable), then maybe settle your disputes with Home Depot/Lowes and any and all trade contractors.

Long term success means having a team of CPAs, Attorneys, Title Companies, GCs, trades, roofers, cleaners, lenders, and so many others on your team as an investor.Good luck. 

when lehigh was put in they punched in roads to 250,000 lots.. one can google earth it today and see blocks of lots with like 2 or 5 homes per 50 lots.. lots trade there when its good times for 20 to 25k and bad times 2 to 10k  like a ping pong ball.. the GFC took down many land plays even out west..

Based on our experience, here are a few key questions that could help you evaluate a new PM:Revenue Management & Forecasting: How do they set realistic revenue expectations?

Keep your Trade job.

Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.

I do but I dont think I can share his name on the open forum .. well as long as your all cash should be no issue.. its when you need a loan or selling to third party that wont buy without title insurance.. keep in mind there is a lot of land that is traded via quit claims all over America .. 

Gen Z is Gettin HandyOne glimmer of hope is the new Generation Z folks are getting interested in the trades.

@Kerry Noble JrI thought trade lands were bought when the owners have no use for them.Therefore transferring their credit to the person who purchased them.