It’s being rented for $700 (yes below market rent).  

Based on rental income would be great since I'm self employed so minimal documentation is best for me. 

Take out loans to fix it up and then take out a mortgage at fair value.I could be missing something though, good luck!

This allows you to meet the material participation requirements based on your combined activities across all the grouped properties.But yes, RE Pros still have to spend over 750 hours in real estate activities during the year (and more time doing this than anything else) to be considered material.

I'm doing this for the first time on my own after a divorce, so I'm aiming for efficiency, affordability, while also being able to find tenants I feel good about being such close neighbors with.thanks in advance! 

I could be wrong about that though.

Trying to determine if my PM or I could be doing something else?

Hey Joe, dealing with a hurricane just as youre getting started can be a real mess, but there are a few strategies that can help you navigate this.

Hi everyone, I'm excited to be in the BP Community.

It can also be used to track goals.