Our clients making mid-six figures via W2 get the most significant benefits by launching an STR by the end of the year and offsetting taxes.The most common hurdle is the material participation test, often achieved by committing over 100 hours of direct management and tracking that time to ensure it is more than the hours spent by any other individual, including cleaners and property managers.

You're on the right track, and this kind of groundwork really pays off.

Getting the structure right early, whether that’s setting up the right entity, tracking deductions properly, or planning around self-employment taxes, can really help you maximize what you keep as you grow so you can reinvest.

We are all on our own track in life.

For those looking to track qualifying hours or material participation, I also have a simple template for logging activity that’s audit-friendly—happy to share if anyone needs a copy.

I agree, due diligence can make or break a deal, especially on NPNs where the workout options can vary so much.Curious  when you started out, did you focus more on performing notes first to build systems, or did you jump straight into NPNs?

Building dept may very well want to work out an amicable solution.

We have done breakfast, dinner, small workouts and break out sessions.

It's much safer then using someone we don't personally have a safe track record with.

It’s user-friendly and handles the core things really well: rent collection (with autopay and late fees), lease tracking, and expense management by property.