I almost typed "independently" but there is a nuance stopping me from that, the very issue we're discussing.If the two of you do not have other STRs, as seems to be the case, you only have this one STR to draw the required hours from. 3 material participation tests to try:1.

A portfolio sale would likely require a hair cut on price. 

If I remember correctly, they require the property manager to live within either 30 miles or 30 minutes of the property (I think) therefore if your out of state they will require a local person. 

We always provide the applicant with a list of required qualifications: income/rent %, credit score, evictions, etc. 

A workaround used to be using an toll free number (those used to not require A2P for texting), but not sure if that still works now, worth a try as a stop-gap while you get approved.

1) Credit2) B.G.3) Experience4) CapitalTruth is, with decent credit and the capital required, you can get in and get started.

Research rates for a payroll service for your employee that can handle your federal state and local employment taxes / calculations Know your federal state local and county tax requirements as well as whether you must have workman's comp for the person or not.

We have set the minimum stay requirement on Price Labs to 2 nights, and it is correctly reflected on Hospitable.

Is this accurate, as I have not encountered anything concerning 12 month seasoning periods, especially for cash purchases.This really hurts my turn-around and portfolio building timeframe if this has become standard (which I have not heard of a 12 month seasoning period during any research nor listening to any podcasts).Thanks Conventional loans (Fannie/Freddie) have the 12-month seasoning requirement.

Heloc cannot be used as a PITI reserve and or as an asset which is required in underwriting when buying more REI.More tradelines on credit can also cause a scores to decrease and higher DTI through the bureaus reporting.