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

I have experience managing, renovating, and acquisitions of multifamily under my mentor's tutelage.

I'll be asking my property manager these questions but, it would be nice to get a few other opinions.Thank you in advance!

Im just brainstorming situations and salutions to help manage the inevitable.Any input would be gteat.

If it's in NJ i would self manage.

He would handle all property management and buying of the property (with my input and consent).

2- If I employ a full-service property manager to handle tasks such as cleaning, maintenance, booking, and guest communication, while I focus on business aspects like property search, renovation, decoration, bookkeeping, and supply procurement, would this still qualify as material participation or could it pose a risk?

Any thoughts on renting out the property or property management?

San Antonio is a great market for smart STR investors and I own a local STR management company.

The software guidance for QBI without safe harbor says the below which I meet all three in that I manage the property, it is profitable and in USA.