I wanted to get some insight from others on if this is true since I can't find a good answer on the IRS website, and if it is true why does anyone want to gain real estate professional status?

Maybe i'm crazy but I think I can qualify for REP status...I can log and document time searching/reviewing/comparing deals right?  

Right now, I do have the "REALTOR" status but wondering if it make sense to keep paying the $800/yr to keep the status?

, it's very unusual for a company to dig its heels in like Estate Legal is doing. 3.

My partner is not fulfilling their responsibilities as agreed, and I'm considering taking legal action to resolve the issue.

Obtaining REP status does not release prior passive losses. 

I know any response is not my accountant or legal or tax advice :)  Someone who's a "real estate professional" who has suspended passive losses can use those losses in two situations:1.

I can't help, but I can compliment you on seeking solid legal advice!

Does the time and effort behind designing, permitting, and building the ADU count towards the REP status?

So, we typically see REP status with MTR and LTRs... but not needed with STRs.