We always provide the applicant with a list of required qualifications: income/rent %, credit score, evictions, etc. 

If I remember correctly, they require the property manager to live within either 30 miles or 30 minutes of the property (I think) therefore if your out of state they will require a local person. 

I almost typed "independently" but there is a nuance stopping me from that, the very issue we're discussing.If the two of you do not have other STRs, as seems to be the case, you only have this one STR to draw the required hours from. 3 material participation tests to try:1.

1) Credit2) B.G.3) Experience4) CapitalTruth is, with decent credit and the capital required, you can get in and get started.

A portfolio sale would likely require a hair cut on price. 

@Derrick Wortmansee if you can go to some REIA meetings and find out who other folks locally to you are using and happy with

Research rates for a payroll service for your employee that can handle your federal state and local employment taxes / calculations Know your federal state local and county tax requirements as well as whether you must have workman's comp for the person or not.

We have set the minimum stay requirement on Price Labs to 2 nights, and it is correctly reflected on Hospitable.

Is this accurate, as I have not encountered anything concerning 12 month seasoning periods, especially for cash purchases.This really hurts my turn-around and portfolio building timeframe if this has become standard (which I have not heard of a 12 month seasoning period during any research nor listening to any podcasts).Thanks Conventional loans (Fannie/Freddie) have the 12-month seasoning requirement.

I am a determined to become a successful real estate investor with an understanding that success in real estate requires continuous learning and adaptation to the everchanging economic environment.In the upcoming months, I will be actively engaging in the formation of a strategic partnership with two to three like-minded individuals, pooling our resources, and vision to embark on a life-changing journey into the world of real estate investing.