How do you define "paying for itself?"

It could take some time to locate a good BRRRR deal in a competitive market, therefore it might be worth looking at house hacking as a quicker solution.Financial Objectives: Clearly define your long- and short-term financial objectives.

Instead of having a centralized platform for agents to list sellers properties in a defined area, it will become fragmented with multiple sites marketing their own exclusive listings ? 

We manage over 650 doors and ShowMojo has been great in streamlining that process and scheduling showings in pre-defined time blocks.

Portfolio expansion is really defined as an increase in cash flow. 

Ok, so we really have to define "private lender". 

For most that's not a legitimate investment, and they define it as speculation.

How does the IRS define the boundaries of material participation and how stringent are they in enforcing these rules?

I think we both have the same aim in this forum, which is to share our experience and information and help people buy real estate with the lowest risk possible, provide factual information and help define options.

make sure you clearly define roles, capital investments, and obligations for ALL potential scenarios so that you're on the same page about them well before they potentially arise.