I am hesitant to participate in this program because it is a hefty start up cost and there is very little feedback or reviews on this program. 

It would have to be a home just barely worth $375,000 or greater, and would hopefully cash flow.Or we could go for two single family homes, less expensive, and put $70,000 down on each. 

I was distracted and talking to someone about fix and flips and letting them know that the sale is taxed as ordinary income instead of capital gains and completely messed up what I was trying to point out.I was trying to say that STRs may help to offset some ordinary income with losses if you actively participate, whereas LTR losses only offset passive income unless you are classified as a real estate professional.

@Mark Ainley @Jonathan Klemm @Xingcai Wu It doesn't apply here, but I'll point out any landlord with a tenant applying for an aid program needs to participate.

Your price barely meets this minimum criteria, so it is not a discount.  

You can probably search the bigger pockets website for attornies that work with investors in your area.If the numbers on the deal barely meet your investment target then consider hiring an attorney to work with the estate and see if you may be able to get an additional reduction in price.

We deal with it all the time when High W2/1099 Earners participate in our Commercial “Sale Leaseback - Energized Real Estate” deals.I wrote a short book on that exact topic

If this is the case, don't be afraid to do the bare minimum to get the space up and running, and then add items as needed over time after you have some rental income to play with.However, if you are planning on transitioning these to STR's in the future though, I'd definitely recommend getting as close to fully set up as possible before launching. 

I always worked for small businesses and never had the opportunity to participate in any form of a retirement fund.  

The material participation column would be read-only and change depending on the dropdown.