If you don't have an entity, this is a Schedule C activity.

Quote from @Andrew Lawlor: I've been actively investing in short-term rental properties for the past three years, managing one live property and another that will go live in two months.

While my husband and his ex make a similar income and do not exchange child support due to us pointing that out in court a couple of years ago, she actively request all financial documents that she possibly can and examines our taxes, etc. 

We have over 10,000 landlords in Milwaukee and at least a couple thousand active investors at any point in time.6.)

This TDR is a new program that has been in development for 30 years and should ignite into an active free market for credits this coming July 15.

Quote from @Jake Bute: Good Afternoon,I listened to Wheelwright's podcast the other day discussing how short term rentals do not have the same rules as long-term rentals when it comes to some of the tax laws around active/passive investing.

This seems like the most active Portugal string.

@Marcus Auerbach How many hours of active management per week would you say it realistically takes to manage 50 units yourself?

I would bet the older homes will see a lot more appreciation than the newer homes, percentage wise. 

Once you think there is no law pertaining to the activity then the work begins this is a belly to belly business your not going to do this on E mail and text messaging .. you will need to be able to sit down with these folks or it will never happen.