To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

If you are fully trained, which is rare, I recommend concealed.

A lot of jurisdictions are backed up, especially large metro regions.Evictions are very rare, if you use strong screening criteria.

Thank you yes that make sense, inclining towards using a combination of free sites and select one paid site like FF, in fact I am looking similar to you for 3 months minimum stay and yes, rooms are furnished.

Unfortunately these guru programs are rarely (never?)

I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

I have found excess service calls to be very rare and they have been limited to tenants that were already known problem people (usually people with some kind of pretty obvious personality disorder).

It combines the pride of owning a tangible asset with the potential for value growth.

If you are looking in Austin around 200-250K you will likely have a massive rehab budget which typically makes cash flowing a BRRRR rare.

@Jonathan D. great goals, make sure you combine action and education everyday!