If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

The wholesale channel is a lean business practice for the most part while with retail, there is significantly more expenses such as marketing, employee benefits, admin staff, etc.

As you say, the concept is great and true, but the proper application in practice may not be as advertised.

Using a queen sheets is a very practical solution since the dimensions are close enough, though like you mentioned it will be a bit long on one side.

Seems like a really sound practice.

This is where there is a gray area.Many consider wholesaling practicing real estate without a license and there are laws in other states cracking back against it.

I’m looking to understand industry standards and best practices.

NSPIRE inspections will more accurately reflect the true physical conditions of properties and ensure that property owners adopt sound maintenance practices to eliminate health and safety hazards that may pose a threat to residents.

I’ll admit that I didn’t outright ask them if they lie, steal, and generally engage in immoral business practices during the vetting process.

They can be cleared yearly with hydrojetting and that practice is fine as long as the pipes are in tact.