Also, here's a great article that describes the REPS status:https://www.aicpa-cima.com/resources/article/tax-rules-for-r...And another for the passive activity loss limitation that other mentioned:https://www.irs.gov/publications/p925

- How important is having a strong agent or team when getting back into investing?

Then, after booking, I send a more detailed version to cover important details like noise, extra guests, and check-out procedures.Since you're in a vacation market, setting clear expectations upfront while keeping the details for later might be a good balance.

Turnover and vacancy will kill your ROI along with capital expenditures, regular maintenance is important.  

If anyone is unfamiliar with guest mode check out Roku's article - Guest Mode: An easy way for visitors to use stream using their own subscriptions

Those are the two/three most important things (actually doing the work, persistence, and scripts).

Is it important on what you net on the property or who buys the property?

It is important that you hire professionals who have experience working with foreign investors.

When joining a mentorship program, it's important to ensure that the program is a good fit for your goals, needs, and expectations.

My syndication deals got bigger, more impressive, and—most importantly—more profitable!