But, it will be an authoritative "it depends".Tax write offs on their own are fun for speculation, however, a high income individual has other things going on that affect the answer.  

It’s usually the individuals with the highest character who get burnt the worst because they are the ones willing to put themselves in uncomfortable situations to do right by their partners and as a result believe others should operate the same way.

Im a very busy individual but I find it logical and necessary to make time to see something I have hundreds of thousands of dollars in.

In that case, the taxpayer had individuals testify to his character and work in court, which is an unusual scenario and highlights the difficulty of making such a claim.If the TP cannot qualify for REPS, they may still be eligible to claim material participation in the deals, even with less than 5% ownership in some of them.

Flexibility and solving their individual needs/logistics. 

., with a diversified economy and a strong job market.Opportunities: Multifamily developments, long-term rental properties, and flipping projects.Houston:Reason: Known for its oil industry, Houston has diversified its economy into technology, healthcare, and manufacturing.Opportunities: Commercial and industrial real estate investments, as well as residential projects.San Antonio:Reason: It's experiencing continuous infrastructure growth and is more affordable compared to Austin and Dallas.Opportunities: Affordable housing and expanding development projects.In Florida:Orlando:Reason: Orlando’s tourism industry continues to drive growth, alongside its rising status as a tech and medical hub.Opportunities: Short-term rental properties, multifamily developments, and new residential construction.Tampa Bay:Reason: Tampa is experiencing a population boom and is considered one of the best places for job growth in Florida.Opportunities: Waterfront properties, new housing developments, and commercial real estate.Miami:Reason: As an international business hub, Miami is attractive to both investors and high-net-worth individuals looking for luxury real estate.Opportunities: High-end residential and commercial properties, luxury condos, and fix & flip projects.Sarasota:Reason: Known for its beaches and quality of life, Sarasota attracts retirees and families, boosting its real estate market.Opportunities: Residential developments, vacation rentals, and waterfront properties.

Texas licensees are not allowed to pay non-licensed individuals for referrals.

I went to the Town Hall and asked if they had a law on the books and spoke with an individual who said my municipality has a "love hate relationship" with vacation rentals. 

Private lenders, often individuals or small firms, are another option.

Most areas of the metro you can rent to an individual for $800+ month / room and even more than that if you're renting a room and private bathroom.