@John Williams politicians at all levels of government are taking away landlord property rights to protect slum-tenants.We'll soon be like Ontario, Canada where they can't charge application fees or security deposits and it takes 12 months to evict a tenant.Unfortunately, landlords are too cheap to make political donations to stop the madness:(

There may be costs associated.

I figured the only holding costs will be the utilities. 

It helps accurately estimate the costs of purchasing, renovating, and selling a property, ensuring a clear understanding of potential returns.

Managers cost so much and make repairs cost even more, I do not see their value until you have 50+ units and no time. 

You will cut your cost of living down, and build equity at the same time. 

Factoring in filing taxes, maintaining LLCs, and overall cost vs security, I’m hearing many different options. 

I recently posted a reply on a different thread that is largely applicable on this thread.  

This is tougher to explain in detail so if you have any questions feel free to reach out I enjoy helping and talking REI!

Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..