However, you can become a real estate professional or use the short term rental loophole to get it on schedule C and reduce your adjusted gross income.

If so, then what I would do is- 1) You mentioned 'wooded' lot, so depending on how much wood we are referring to, I would seek and get bids for selling the wood (I dont imgaine it would be much if anything at all cosidering .34 acres) additionally, you don't want to get rid of every tree; 2) When you split, you can certainly put restrictions in the new deed, i.e. any future structure being build most be between 1,000-1,500 sq.ft., must be single-family use... etc., etc. 

It's more than just professional photography, cohesive and attractive design/decor and investing in amenities.

If you want a more professional and mature platform look into Rentec Direct, Buildium, Appfolio(?)

When investing in an area out of state where the numbers leave room to delegate those task to professionals it's often even more hands off than an in state investment. 

Hi BP community,I'm seeking to purhchase the real estate investment, and need some advice on financing options. 

A noteworthy tax loophole, particularly beneficial for those yet to attain Real Estate Professional Status, offers a strategic approach to potentially offsetting OR EVEN ELIMINATING the impact of high job-related taxes.At its core, this tax loophole revolves around discerning between passive and non-passive activities within the realm of rentals.

I realize this is a general question, but my partners and I are just starting out and we'd love feedback/advice from more seasoned real estate investors/professionals to help us more forward. 

While my first choice would be to invest nearby so that i can manage the property myself, but given my budget, I am here to seek advice from this wonderful community.

I think that we need to hold two groups accountable: - The Syndicators- The LPs who invest with themSyndicators should aspire to ever greater professionalism, legal, diligence, and compliance bars.