Florida’s a great market, so if you need tips or guidance, let me know—I’m happy to send you an example of the report I created and the article I wrote about this.  

Under this rule, if you spend at least 100 hours on the property and no one else exceeds your time spent, you can qualify as materially participating.

Quote from @Ashly Frasso: I would suggest this for the next time.1.

This is super helpful to hear the contractor point of view. 

Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

This video was all I really needed as it was almost fully encompassing.

Maybe these will help you, too!

Any help or tips/tricks would be greatly appreciated.Thanks!

Here are my top 5 tips for starting the new year off right!