This is however one of the main reasons self-employed persons report having issues with banks – NOT ENOUGH TAXABLE INCOME.

Everybody is different. 

Cost seg studies have many different price points, depending on the complexity of the property but I would budget a few thousand dollars for a property the size.Regarding material participation, you should check with your CPA or tax advisor but generally speaking yes that would be enough time.

Online, you're going to get 300 different opinions, and the IRS won't accept "someone on BP told me I could do this".  

Have read similar issues among all different investors.

We see no difference in risk, however.

There is a difference between short-term and long-term managers; make sure you hire the correct type.

However, there are actually been some court cases surrounding this topic with a slightly different application.

But that's a different subject.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.