I manage 8 companies now all with significant public exposure.

NY is still great but landlords need to:- proceed with caution- read Brandon Turner's books - implement strict requirements and systems for tenant screening and property management

This all depends if you are self managing. 

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?

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.). 

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

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?