If you're a 5% owner for only part of the tax year, then only the services performed during that period count toward qualifying.Also, it's important to note that the Tax Court has held that merely being on calls doesn't meet the 750-hour requirement.

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).

My log shows only four 229 calls since 8/2022, with the most recent one in 10/2023.One call shouldn’t count: alleged IRS debt relief.Two with no useful intell.One is a confirmed (alleged) “Homebuyer’s Inc.”

RE agents, like minded investors, neighbors, even opinions at zoning committees don’t count.

One block can perform very well, and another block will destroy you.Before you invest, I recommend you locate a quality PM that can help you narrow down markets, determine which rentals perform best, cross-check sales prices and rent rates, and take over management right away.The biggest mistake you could make is to get talked into buying in the wrong neighborhood and then learning that the good managers won't touch it. 

I think it might help some seasoned landlords answer your question if you share details about your rental like bed/bath count and sq ft.

Further, the property manager is counting on the MLS and other agents to bring prospects, which seems like a bit of a passive approach.

It depends on too many factors to only work off of the 70% rule, just like you can't just count on the 1% rule for buy and holds.

I beleive whether they count your paper losses as actual losses or not is determined if your lender has any overlays or not.Someon ccorrect me if I am mistake. 

Mitchell, I always encourage people to take action BUT I also try to ensure they count the cost before they move forward.