My question is does travel time and sleep time count toward material participationI’m aiming to qualify for the 500 hours of material participation.

My lawyer advise I claim it owner occupied and to sleep there once a week and give them thirty days. 

My savings are falling short after my home purchase so I need alternatives that can be implemented right away (ie I don’t want to wait 5+ years to have sufficient savings to only then invest in rental).Any feedback is welcomed. thanks 

For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-9 paperwork from tenants etc?

However higher cash flow is allows you to sleep well at night because your not stressed about you daily expenses. 

The FHA self sufficiency test is the so difficult for the north side of the city and parts of the west and south sides. 

I have a property that is a 2/1 and can comfortably sleep 4, but because of city guidelines I can only advertise a 3 Max Occ.

If you don’t have the right temperament and sufficient cash reserves, you should consider selling the property and investing proceeds in passive type investments. 

It’s a little more higher end, but is great for allowing more sleeping capacity and extra cabinetry space.

The guest became defensive and pointed out that 7 rolls of toilet paper (12 guests over 4 days) was not sufficient (lol) and they had to buy more tp, paper towels, and trash bags.