While these fees are higher than purchasing another rental property, it's a tradeoff to investing in a passive real estate investment and not having to put more money into capital calls if there were big ticket items needing repairs in a rental.Conner JacksonTangible Wealth Solutions

I've used services I had to pay for but honestly rent spree has been just as good if not better. 

House values in the area have increased about 5% the past year and the Greenville area and surrounding areas are rapidly growing.The monthly expenses (including utilities and 5% for repairs and 5% maintenance) come out to $2,291.

I wanted to seek some advice and opinions from this community before making a decision.Do you think the management fee and the additional services provided justify the cost?

If you’re looking for something that is basically a turnkey ready investment property, you will most likely need at least 20% down to obtain the debt service minimum threshold.

Provided I am to report the Airbnb activity on Schedule C, can I use the net loss (from painting, decorating, repairs, purchase of washer, dryer, furniture, bedding, linens, towels, etc) for 2019 on this activity against other active income such as W-2 income?

We do everything, gut-job remodels, new construction, and lots of service repairs for property management companies.

You need the people who are servicing those areas with a good knowledge of what is going on in that market before you commit to a market.

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

Won’t pay for repair and I like the house and our deal.Any thoughts on what to do?