Pure rental activity is considered to be passive by the IRS.

As an out of state investor, I need some local insight.

@Scott Melde You may want to check with local mobile home dealerships and real estate agents who specialize in this niche.

You would need to consult with a (local) lender to see what is available to you for that property, but I am assuming 20-30%.You would likely have 2 options with that property - 3 2 bedroom unit listings, or 1 6 bedroom listing. 

@Bonnie Low if you have an international student they will have an SSN if they will be paid by the university or sometimes get an ITIN to open a bank account. locally you may be able to search by name in local databases but it isn't usually helpful.

Before investing in any area, conduct thorough research, consult with local real estate professionals, and assess factors like job growth, crime rates, school quality, and demographic trends.

Do you invest locally in Missouri? 

(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option  based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000    vs    NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?

Meet some others locally and see what they are doing.

We're actively looking for more multi-family and commercial spaces in Beaver County especially on the main streets (excluding Aliquippa and Rochester for main street commercial because I just don't see those coming back around).