Which consists of attorney, contractor, realtor, and property manager.

Material Participation in a Real Estate Trade or Business.This is pretty straightforward but you must materially participate in a real property trade or business, such as development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.2.

Note that these folks are super hard on properties though.

This property had strong potential for adding value, especially with its ADU (Accessory Dwelling Unit) potential.

I work for a property management company, so I get to see a lot of rookie mistakes from the outside looking in.

Most of my business is working with investors on multifamily and industrial sales and development.

So you would be getting a hit of $1,642.5 per month on the properties based on the numbers you provided approximately.

I purchased the property 10 years ago with the idea of it being a long term investment.

Look for areas with strong rental demand, low vacancy rates, and proximity to schools, employment centers, and amenities.Future Growth: Check for signs of future development, such as new businesses, infrastructure improvements, or public transportation.

But honestly yes most agents are gonna pitch you, doesn’t mean you can’t get good information or make good connections but definitely understand everyone in real estate only gets paid if they sell you property.