@Ankush R.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

“Essentially, they are cutting in line,” Mills said, referring to the super-lien priority status over a mortgage.

2- what is the percentage of people that get audited my claiming REPS status to offset W-2?

The biggest thing I'm seeing actually isn't his residency status, but I think you'll have the biggest issue with the value of the properties you are looking at.

Perhaps partner on a smaller multifamily deal (5-10 units) to prove your capabilities before tackling larger syndications.Leverage social media and content creation to build your personal brand as a multifamily expert.

But what you’re encouraging is that when I am 23, I should use the first 4 or so years just building a portfolio of LTR’s and then when I am 27, look into leveraging STR’s to meet the “Real Estate Professional Status” and “Material Participation” the IRS outlines, correct? 

And the very volume of information has helped them preserve their expert status.

We also check their social media postings.

If you have a website, Instagram or other social page for the house, having those convey as well are always welcome.Our market is heavily driven by STR near the theme parks, so not sure how the SLC market works, but to me, having it still operating is a must.

On Thursday 9/12 Prosperity Real Estate Group is hosting an event at Heights Social (also 6:00PM-9:00PM) There's drinks, raffles, and fun at both so hope you can make it!