Unless of course, the taxpayer shows material involvement and claims to be a real estate professional, spending 750 hours per year.Employing a property manager to manage out of state properties makes it virtually impossible to stay actively involved and spend 750 hours. 

Does time taking care of (mowing/landscaping) and managing (keeping records, paying HOA dues, paying taxes) my vacant parcels count towards my 750 hours of being a real estate professional?

Purchase price: $200,000 Cash invested: $21,000 I bought this property with the help of my dad my freshman year of college and it opened the door to begin real estate investing journey.

My only exception would be a great price a in a big professionally run condo complex with a beach view in PCB.

Learning is certainly part of the journey.

I am working towards the personal finance goal of having $100K in real net worth within the next 8 months.As I see it I am currently in a learning phase of my real estate journey.

The Court agreed that he qualified as a real estate professional even though he only had one property.

My fiancée and I will be beginning our real estate investment journey in 2024 and are looking for any suggestions or pointers as we make some of our initial decisions.

As your income and real estate portfolio grow, reaching the $150,000 marks in my opinion the beginning of your financial journey into real estate.

You are the professional in finding comps now.- Why do you have an LLC?