I did look at some of the material participation criteria and we should easily surpass the requirements since we pretty much spent time improving the home ourselves, managed all guest communication, etc.Thoughts?

Financing either is a bad idea and will raise a red flag with a lender who will look at sources and uses of the loan request.

Should I look at new construction properties in new communities that seem to be appreciating or older property that has lower mortgage and more likely to cash flow? 

John- the option I’m evaluating right now is to create new LLCs as single member LLC in my state and owned by a multi member LLC (my partner both at 50/50).  

I'm looking to offset rental income.I can't take a passive loss against my W2 income.

At some point I want to purchase a few 4 unit investment properties.

When considering a Cost Segregation study, here are a few things to consider:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...

I’ve been a bigger pockets member for a long time but I’m just now revitalizing my profile and getting back into real estate.

Should I list it on the MLS now or wait the 90 days?  

I drafted a lease agreement using other agreements and looked up some things from the Ohio revised code.