For example, the activity would be nonpassive if 1) the average length of stay of your guests is 7 days or less or 2) the average length of stay is 30 days or less and you provide substantial (think: hotel-like) services.It may be a good idea to consult a CPA before getting started to make sure nothing is being overlooked from a tax standpoint.

Sure, but this amount of money, you've probably got a broker that wants substantial E/M and PoF. 

Substantial amount of equity and room to add value in a fast growing suburb.

How to win Friends and Influence People by Dale Carnegie: This is a must read for anyone going into business.

Assuming that you have substantial equity with the 12 units, I would expect the simplest play to be:  get an Equity Line of Credit on the current properties and use that to fund the acquisition of a new property (or a few). 

We received a similar message from a host after we stayed at an Airbnb and modified it substantially for our Branson STRs. 

Once he dies, I’ll take possession of the house and flip it after a substantial rehab. 

One of the most substantial changes is that the L.A.

If you have a specialized need, say, a vacation rental that is located somewhere on the other side of the country and generates substantial annual rents, property management can be a useful and often valuable tool. 

I'm excited that public sewer is coming out, but curious as to if this changes anything substantially?