Without the right safeguards, your hard-earned assets could be vulnerable.

So, the 500+ hours you worked could potentially count for this year.Once you hire a property management company, it can be harder to meet material participation requirements, but if you're still heavily involved in maintaining and updating the property, it could help.

You would need HOA approval as this is most likely considered a common element and if you were to damage it and impact other units the lawsuit and damages could be worth more than your unit, especially if done without HOA approval.

Any input would be greatly appreciated! 

This isn't my first account it wouldn't let me log in

.- 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?

When filing jointly, if one spouse qualifies as a Real Estate Professional and materially participates, the rental activity as a whole can be treated as non-passive for the joint return.

Quote from @Rion Manita: Hello BiggerpocketsI'm working on some deals where buyers are trying to stack owner financing with a bank or private lender, what are some strategies to get these across the finish line and or some solid lenders that operate in these capacities that are flexible. thank youWord of warning - everything must be disclosed to all lenders.  

Your cash flow will always be around 5-7% of equity, so you have to find a way to grow equity.

Sensitivity will be KEY here.