As my avg rental period is <8 days, and I have <14 days personal use at the property and believe I can meet the material participation test, this should be a non-passive activity.Specific Questions on Material Participation:1) Do hours logged for material participation in 2022 include time prior to placing the property in service (i.e. first half of 2022)?

I can personally live with the bathroom, but it definitely needs a new toilet and vanity at minimum.

I understand this will vary from person to person and could be a debate so feel free to PM me if you have some thoughts.

What I have done is make sure I have enough money saved up for my personal life and investment operations.

All four units are occupied and the tenants are currently paying their rent via cash in person.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

See what I personally did in my comment below in #2! 

- Loan Type and Liability: Implications of personal vs.

What if one person wants to sell, if one person gets married, when repairs are needed or someone wants to do renos (for cosmetic reasons). 

Hi Gustavo, it really varries for each person.