Who is responsible for the servicing costs and other costs.

People understand that things happen and will give you a little room when they do but do your absolute best to stay focused if you are the active partner. 

The following looks at hypothetical purchases, anecdotally and in relative isolation, meaning there may be a reason (for instance to generate large tax losses for "active participation" investors to offset other income) for some individuals to undertake a particular kind of purchase.

There is a one car detached garage at the back of the property.I'm an absentee owner that rented this home out for 11 years with a management company and now I'm in the process of renovating it.When I'm done with the project in a few weeks, I would like to 1031 exchange it into another cash flow property possibly in Indianapolis IN, but I'm open to other active markets.

Hey @Ruben Garcia, Given we are accountants, we cannot promote our services on BP as its against the rules.

Hey @John Anderson, Rental activities are by default passive unless you are a real estate professional.

I do brokerage activities as a PT job, because my FT job is investing in RE.#5 The realtor will need to go back to their past clients and ask for permission, so don't be alarmed if you only get 3 contacts of 10. 

Having a reliable team can make your investment journey smoother.It's fantastic that you're actively working towards your goals, and with dedication and strategic planning, you're well on your way to achieving them.

@Eric Samuels as @Nathan M kiefer mentioned, there are ways to do this.Some points though:1) You'll have to keep wi-fi active even when property vacant2) How often do you want your PMC to check this?

Hi Caleb Rehg,If you have employees you will have to pay quarterly PAYROLL taxes, but these can be taken care of by a payroll servicer such as Gusto or ADP.Otherwise, if you expect to have a substantial net income from the rental property at the end of the year, you may opt to make quarterly estimated tax payments so that you that you don't get surprised by a tax amount owed with your tax return.