In the interest of time I limited my search to Montgomery County MD and Loudoun County VA homes that were sold in 2017 and sold again in 2022.Methodology: I pulled all the homes that fell into the scope defined above from Bright MLS.

If my wife and I manage all aspects of our STR business (no property manager, self-managing all of our bookings and guests, accounting, rehabs, working on repairs and maintenance ourselves) as we’ve been doing the last six years, would we be considered real estate professionals?

That is how Airbnb began, but not something I would personally touch just for the liability aspect of it.  

All activities where you do NOT "materially participate" (which is also defined and will be discussed in a few minutes)2.

Before 1957, there was no industry or investing arena defined as residential real estate investing.  

Thanks for your real world experience on that aspect of the deed transfer. 

For the project I plan on creating a system to address every aspect, step-by-step, of increasing the value of multifamily properties by making improvements that increase each property's net income.

With deals not being the best on paper currently, having defined criteria for rentals that pencil out is a must.

Passive income which sec 469 defines as:1.

Welcome to BP community @David Horton  It is a great place to meet new friends and learn about various aspects of real estate and more.