Plus now that I'm established and have a portfolio, I pay a lot into the local economy by hiring contractors, buying materials, etc.

There's a misconception that builders are price gouging, but in reality, the price of a home is directly tied to the cost of building it.When material or financing costs go up, home prices follow.

Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test.

But what you’re encouraging is that when I am 23, I should use the first 4 or so years just building a portfolio of LTR’s and then when I am 27, look into leveraging STR’s to meet the “Real Estate Professional Status” and “Material Participation” the IRS outlines, correct? 

As I pay contractors, for materials, etc., I add it in the check register and class is to the WIP account.

Promote Open Communication Create a Safe Space: Great leaders encourage open dialogue, where team members feel comfortable sharing ideas, concerns, and feedback without fear of judgment.

You could not pay me to use the service and BP should not promote them.

So for example, if you know your goal is to move away from NYC/LI possibly because of a potential future promotion in 5 years and you also want a lot of cashflow/appreciation before you move... then it may not work for you. 

(I buy houses type of material.) 1 page, single sided.Eventually we settled on a very specific target audience and a targeted message and things went well.

This is purely for research purposes to be able to create something truly impactful (I am not promoting or selling anything).