With mid-term rentals if your average guest stay is 30 days or less but you provide substantial personal services (daily maid service, meals, shuttles etc, more like a hotel) then it would be non-passive...but you'd also pay self employment tax on any income as well. 

I’m currently diving into real estate investing and management, with the goal of purchasing my first rental property in the next few years.My son is graduating next year, and he has been interested in early investing since a young age.

Don't be fooled by the "set it and forget it" advice.I put together a graphic that dives deeper into the pricing strategies I implemented that could help you bring in more revenue for your STR!

However, if you provide substantial services (e.g., cleaning, concierge), the income may be subject to self-employment tax (15.3%).

You’re lucky to end up anywhere near 1% rent:”all in” ratio unless you buy at a substantial discount rate.

Before diving into those challenges, let’s look at the benefits of purchasing a triplex or quadplex:Higher cash flow potentialTypically lower price per unit, leading to better returnsEasier to manage vacancies compared to single-unit rentalsMore tenants in one location—potentially easier than managing multiple properties in different locationsOf course, there are other reasons why a higher unit count may be attractive, but these tend to be the most significant ones.

Hey BiggerPockets community, Im a beginner wholesale real estate agent based in North Carolina, and I'm excited to dive into this game!

That’s awesome you’re diving into the Section 8 BRRRR journey!

We also had to do some substantial repairs on the sewer line.

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