To have your activity qualify as material participation, you must meet one of the following tests:-Work more than 500 hours in the activity (a married couple can count the involvement of both spouses to meet this test)-Do substantially all the work in the activity-Work more than 100 hours in the activity, and no one else worked more than the taxpayer (including non-owners or employees)-The activity is a significant participation activity and your total time in all significant participation activities exceeds 500 hours-You materially participated in the activity in any five of the prior ten years-You materially participated in a personal service activity for any three prior years-Based on all facts and circumstances, you participate for more than 100 hours in the activity on a regular, continuous or substantial basis during the yearPractically speaking, this means you’re doing the work on your rental properties rather than hiring a property manager.

We focus on updating the old and neglected housing stock across multiple Midwest markets where we can get in and out of a project within 2-4 months, and often complete a project for a rehab budget that is less than permit fees alone would potentially cost in CA.

It just seems as though their timeline does not align with your timeline and personal circumstances. 

I see plenty of very successful investors who are so determined to reach their goal of godzillion doors that completely neglect their health and love ones.

Some people also suggest forming LLCs to contain liability in certain circumstances. 

Over the first 18 months of ownership, I grappled with the repercussions of neglecting this aspect, which ate into our cash flow significantly.

With tax its worse because laws are constantly changing and rarely is specific advise worth giving since key facts and circumstances can change the advice and make it moot. 

A knowledgeable VA lender can provide guidance tailored to your unique circumstances.

Many of my clients find success with a balanced approach, investing in both real estate and the stock market.Personalized Strategy: It's important to tailor your investment strategy to your individual goals and circumstances.

We have a signed lease agreement which contains clauses for lease termination (tenant may terminate this lease agreement prior to its Maturity Date due to unforeseen circumstances with an early termination fee equivalent to two (2) months’ rent.