I work for Global Realty Group LLC in Cibolo, we require it for our landlords and also like to be added to the tenants coverage plans as well.

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

This webinar will equip you with a powerful mindset shift and a plan of action to accomplish even the biggest of resolutions.

I plan to purchase a 2-unit+ property as a first-time owner to get all the advantages Maryland offers, and scale from there. 

The property cash flowed prior to purchase even with the planned upgrades (which is why I purchased it), but during ownership and having paid for the planned upgrades, it appears as though it doesn't cash flow.I'll have to look at Baseline!

Gordon Ramsey has had a restaurant for sale and it was taken over by professional squatters (didn't know that was a job title :-)They planned to give away free food and open an art gallery there and are threatening to prosecute anyone entering without their permission.

What are vacancy rates in your market and does the current tenant plan to re-up for another year?

I plan to short term it when I'm not living in it so I designed it with an additional vertical guest bed to the right of the living room and with extra dresser space in the bedroom in case of long term tenants.

Have a back up lender as well.

I plan on buying, rehabbing, and living in the home for at least 2 yrs.