Imagine the construction team and project management team you would need to manage that.

In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.

I will also be adding another 2 or 3 properties to the Cleveland area and will most likely need a good property manager as well. 

Anyone having luck owning or managing one currently?

The property manager laid out a good case for doing this as a STR on Airbnb, so that’s what we’ve done.

You will also want to document any experience you have, if none, it’s a good idea to gameplan up front how you plan to facilitate the process (how will the project be managed, contractors you plan to utilize, etc.). 

Hi im a fellow landlord currently participating in the ULA ERAP , Im seeing this "Manager Approval Required" is that a status you seen while going through the process?

Prefer they have experience with out of town investors and property management companies.Thanks,Lannce

I live in Toronto but I have experience remote managing my own properties in Kissimmee.

Endless cycle of unskilled workforce, unskilled management, too much demand for maintenance.