CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

@Matthew BeninateChase has worked well for holding money and they are nationwide so it's easy to access and too big to fail when your accounts go over 250k. 

Failing might mean losing your house.

If tenant fails to appear you might win right then.

Rtp nova project - all principal at risk (failed project)?

If you fail to follow the rules, you may open your personal assets to a lawsuit.

I also believe you have an obligation to discloss if property is being used inconsistent with DCA record - even if attorney/buyer fails to pick-up on the issue.

If STR, what about MTR, or LTR as a fail safe?

But with perseverance and a willingness to explore unconventional options, you can turn even the toughest situations into successes.Have any of you ever faced a deal that seemed destined to fail?

Know this: the #1 reason why landlords fail - failure to manage to the lease (source:  American Apartment Owners' Assn).