Not saying I would abandon this if I can't qualify for the material participation, but it is a factor.Any input is much appreciated!

happens all the time with us, not a big deal if its a day or two.

Do I have to complete the separation of units by January 1st to write off half of my closing costs/other expenses?  

And they are clearly corrupt so it could get ugly.

Currently it has this large single-family home that I am running as a STR (https://www.airbnb.com/rooms/1124648152156916536).

My situation: I have an FHA loan at about 5.5% and my understanding is that it usually makes sense to refi once rates are about .5% lower than your existing rate, which means I may need another .75 to 1% decrease in the rate.

-What are the experiences of the group in negotiating with the seller/agent to bring the price down because of this fact.....Do we hope to get all the way down to ACTUAL cash flow value? 

It works. 

So its not usually a requirement?

Would  you  do this  deal?