Managing a large renovation budget required careful oversight to stay on track.

Meeting the 100-hour material participation rule qualifies your STR income as active as long as no one else participates more than you, This will allow losses to offset W-2 or other active income.While there’s no official IRS form to track hours, maintaining a detailed log is essential in case of an audit.

Then hours are tracked and paid from the retainer at first then billed as you go after that. 

No 8 years LOL.I already stopped listening to RIA or whatever, until they all open their sponsor track record LOLThe only advantage of having DST is really because it's just like investing to MF Class A, but the yield and cap is so volatile right now, I bet the safest DST would be the one with less than fifty percent LTV. 

Partnering up with family that has trust in our track record boosts confidence and allows for continued business.

The fact that you already recognize it’s a journey and that there will be a learning curve shows you’re on the right track.

As such, I keep them in one account and just track any deductions with a spreadsheet for each tenant. 

Guys, I’m trying to track down one of the guests I heard on the Real Estate Rookie podcast a couple of months ago.

Does this track for what you're looking for or would you like something nicer?

I use Rentec Direct which does a great job of tracking multiple owners/properties/tenants with the pooled bank accounts.