I read it after I had already done maybe a half dozen brrrrs.  

I added a half bathroom out of existing space on a unit and comps showed t added $50k of value.  

My listings have only been active for about a week and a half.

In most cases, the property manager ends up being the one truly running day-to-day operations, which makes it hard for the IRS to see you as “materially participating.”To meet REP requirements, two things have to happen:-You (or your wife) need to spend more than 750 hours a year on real estate activities, and-Those hours have to make up more than half of total working time for the year.The challenge is proving that level of involvement when a property manager is already handling leasing, maintenance, and tenant issues.

Over the years, I’ve noticed something interesting working with investors:The biggest tax mistakes usually don’t come from shady strategies or bad CPAs…They come from poor recordkeeping and timing.Here’s what I mean A lot of investors don’t track which expenses are repairs (deduct now) and which are improvements (depreciate later).They toss all the receipts into a box or an app and hope it sorts itself out in March.Then when tax season hits, they realize half of those costs could’ve been handled differently — maybe deducted sooner or even structured better if they’d planned a few months ahead.The IRS doesn’t just care what you spent… it cares how you report it.

Housing accounts for about 18% of GDP and I am guessing half of that is rent, but the other half is sales and the related ripple effects of remodel, moving, furnishing.

.- And more than half of your total working time must be in real estate.It’s not for everyone — and you have to document it properly — but for serious investors, it’s one of the most valuable tax tools out there.Most people think wealth in real estate comes from appreciation and cash flow…But the biggest gains often come from how you use the tax code.Curious — have you or your spouse ever tried to qualify for Real Estate Professional Status?

I'm somewhat familiar with small business accounting as I've run a tiny retail business for the last year and a half and done my own taxes for it.

Quote from @Jimmy Lieu: Quote from @Abdul Ahad Shahzad: I have been running numbers for a while now and came to a conclusion that in todays market and going through conventional investment loan which is half or a percent higher depending on your LTV and DTI, it is better to put 40% down and self manage to generate cash flow.

Last week the projected revenue was basically cut in half or greater on all properties I have looked at (100s of properties).