I am located in Jax Florida and use my realtor license for personal deals and occasionally help others. 

This encompasses eleven authorized activities within the real estate sector, including development, construction, leasing, and brokerage.750 Hours Test: In addition to meeting the 50% test, individuals seeking Real Estate Professional Status (REPS) must surpass 750 personal service hours materially engaged in one of the specified real property trades or businesses.Understanding Material Participation:Material Participation: Only hours deemed material to the operation of a real estate business are counted towards qualification.

I could see this being useful in a BRRRR scenario, but in that case you could be looking at a much longer term loan than 30-60 days, especially given supply chain issues and the uncertainty of the person being able to qualify for the cash out loan as rates continue to climb.

But it comes down to if you want to personally get down and dirty to learn the work or if you want to delegate to a third party. 

The second branch of the site will be a platform to create a personal web page that will hold all of the agent's social media link (kind of like linktree).

Personally, if you have to wait 3 months anyways, it seems like a good idea to take on a project that takes 3 months to maximize returns.

House hacking will also give you some personal "property management" experience.

DTIs do not apply, not tax return / personal income eval

I am just curious if the plan is workable and if there is anything I miss or need to rethink about.I realize that I don't know much about property management company, if I am going to invest in Texas.

Current CPA says you can form an LLC and take any losses as a K1 loss on your personal taxes.