REP Status with out of state investments

[Jacob Bejarano]

Hello all, 

This is my second post on BP.  I have not yet invested but learning from everyone.  I'm in an expensive market, and know that I will likely have to look out of state to make cash flow as a beginner.  My wife will be managing our investments with the idea of gaining REP status.  Is it possible to gain REP status while working with an out of state PM?  

[Patrick Drury]

@Jacob Bejarano  
Your wife will have to self-manage it. If you use a PM for just 1 rental, you aren't going to meet the hour requirements. A lot of people buy STRs because these are more management-intensive and allow them to hit their required hours for real estate professional status