Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..

Tapping into the equity of your mobile home portfolio can be challenging, but there are several approaches you can take:Home Equity Line of Credit (HELOC):Primary Residence: If you own a primary residence with substantial equity, consider taking out a HELOC to fund additional investments or improvements to your mobile homes.

They certainly are harder to find and I usually target the homes that need some work and have been sitting for longer with the target to get them below asking, sometimes substantially below asking.~ Lindsey

With a purchase price of $525,500 and a sale price of $658,000, the property promised substantial returns.

You will want to get the tenant on a new lease agreement when you have substantial updates to the lease agreement or a new lease altogether.

Prices are going to have to come down substantially more for it to be considered a good investment for covering the debt service.

Here’s a detailed analysis to help guide your decision:Initial Costs:Purchase Price: $260,000Down Payment and Closing Costs: $60,000Monthly Cost: $400 for several yearsMarket Value:Current Value: $540,000 to $600,000Immediate Equity: $280,000 to $340,000 (based on the market value minus the purchase price)The substantial equity in the farm can be a powerful tool for your investment journey:Home Equity Line of Credit (HELOC): You could use a HELOC against the farm's equity to fund other investments.

It gives you a broad base to work from and a substantial range of knowledge when making connections.

With a purchase price of $304,000 and a sale price of $455,000, the property promised substantial returns.

With a purchase price of $200,000 and a sale price of $333,000, the property promised substantial returns.