The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

Actually more becuase now you are self-employed and have all of those pesky overhead costs. 

Sometimes large employers will rent furnished apartments for their employees coming to town on a regular basis.Also, if you believe strongly in the appreciation of the house, how bad would the negative cash flow be if you did long term rental? 

These were custom homes & when the subdivision grading was done we did not know the size of the homes nor their driveway locations.

@Emory Clayton what other potential renters do you have and what size is the house. 

Clean, friendly, activity rich and lots of employment driving growth as far as I found. 

Generally your hours working at BP as a W-2 employee would not be part of RE professional hours unfortunately.For those who are RE professionals, gain on sale of rental real estate is still capital gains and still avoids self employment taxes just the same for those tho are not REPS so there is no downside to being a REP in the example you provided Scott. 

Is it possible for this size of project?

I am in the middle of closing on a mid-sized apartment deal in Mcallen, Texas.

Are employers moving in, is the population growing, is the average household income high, does it have good market fundamentals?