Besides having your name on the annual report, if you are seeking financing on the property, your name is going to be on the mortgage/deed of trust. 

Just joining BP but this is my area of expertise, we manage 50 properties (own 43 of those) for sober living specifically.

If the seller gave instructions to his agent to not present any offers under full asking price, then the agent is obeying the wishes of his principal.Sounds like you can’t afford the property.

On either an A class property or a commercial building, I would do preventative maintenance, but beyond that I wouldn't worry about it. 

W-2, 1099, etc.) with passive income/loss from my rentals (STR, LTR) is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Very unlikely that you will qualify for REPS with only an STR and a local property manager.

By the next morning, Dylan was at the property, contract in hand, securing what would turn into a $40,000-$50,000 assignment fee.

This would also eliminate the need for gas at the property as you can go all electric in the buildingI am not sure on the cost per se.

Rehabbing properties and building a portfolio of rentals are two avenues I’m considering to get started.

These types of properties are easier to come by, often better priced, and can increase your overall rent for the property. 

The $13,000 Roth, grew to $47,000 tax-free after the sale of the property ($34,000 tax-free).