please help

You won't run into too many with the quality housing, but there might be a few good Sec 8 homes that you get a good deal on and you want to be prepared.Otherwise, pay special attention to the finishes you use as the quality of finishes can leverage an extra 10-20k in appraised value which can get you the financing/refi that you need.Happy to connect and help where I can!

There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

Thanks in advance for your help!

I have built a portfolio using owner occupied loans and I also help other investors do the same.

Hope that helped and if I made any errors, the comments will reveal.

All of which nothing will help him because the loan is still in his name. 

If you have any questions I am happy to help answer on-line or off-line, don't hesitate to reach out.

I'd like to shoot a long shot of hoping someone knows someone or can help me in any way.

I am hoping the Bigger Pockets community can help.