Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

You may close ZERO deals in the next 90 days, no matter how hard you try, and those 90 days will be a sort of academy or school where you will learn from your mistakes.

IF you try to obtain it without a skilled Expediter who has experience getting one, you are certainly not putting your best into attaining it.That being said, I have known some expediters who are supposed to be really good make mistakes or don't have the proper knowledge either.

It is a mistake to think that an entity (corporate) veil can be easily pierced.  

@Josh R. there is another option, one that would raise you're ROI too infinite, eliminate that finance rate too 0%, and via reduction in $-expense, increase cash-flow. 

Any mistake I made on this analysis?

Find out what that VA restoration will really cost youSecond, you are making a rookie mistake, one that the gurus play on to make you spend money for almost always useless sessions.

You'll make mistakes but you'll learn so much more than buying turnkey.

At this point, I'm just looking for a small assignment fee so I can close my first deal and move on to the next one.I did make the newbie error of getting the deal under contract before finding a cash buyer list, so perhaps that was my big mistake. 

Can anyone give me one advice or one mistake to avoid as  I look towards getting started?