Prospects never read the description on the marketplace. 

Unless I missed something, that isn't worth the hassle and I'd just get them out of there as quickly as possible.

You could try getting a HELOC with your primary and using this money as short term funds to acquire rentals that need a light-medium renovation using 100% purchase/rehab hard money and just using the HELOC to pay points and holding costs.

@Ashish Acharya thank you for your response, but I feel I'm still missing/misunderstanding something - you said "the IRS allows spouses to combine their time for material participation purposes", followed by " only one of the spouse's hours counts for the REPS status, which means only one of your efforts can count" - which one it is?

Thanks for all of the responses. 

If you are going to also conduct business in the outer boroughs, Long Island, Westchester and Rockland, then you'd need HGAR. 

The duplex had carports and separate fenced backyard areas.

Just send us a message, and we’ll get that over to you! 

We’ve told our renters that they’re still responsible for rent until through the duration of the lease term until we find new renters, to which they were surprised.

So outsourcing some degree of property mgmt would be a must... but the deal won't work paying a local property manager a large % of my revenue...Instead, I would set up my "boots on the ground" (cleaners, handyman), and would need an offshore virtual assistant to manage guests and coordination of my local team.