Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..

Definitely a CPA should be guiding you through the process but I think for starters having clear documentation of WHEN you moved out is critical for any buisness expenses.

As much as I hate to admit it, many subs don't...respect women and will lie/deceive/misrepresent things, especially when they know you're new to this type of thing. 

These companies do not have the type of oversight or reporting requirements that public companies have.

In this post type of concern  I ask my circle of influence (bankers, insurance, contractors, fellow storage owners) their perspective on the economy and also their sphere of influence.  

They don't understand the math behind any type of financial formula, so they have no idea how to make adjustments to it that allow the deal to work in their favor.I think a big part of this is the generation we live in/with, that is looking for instant gratification. 

What made you interested in investing in this type of deal?

Some investors use a hybrid approach, grouping properties by type or value into different LLCs.

What made you interested in investing in this type of deal?

I responded to your new property management company's request the very same evening and handed over every piece of documentation I had on your tenant.