My CPA said in the event of an audit it would be difficult to justify that 50% of my activity isn't coming from that business that produces significantly more income even if I can meet the 750 hour rule.

While the appraiser might not base their valuation entirely on that number, investors do care about what the property can produce.

If you add alternative lodging like cabins or tiny homes, you may need additional licenses or fall under different STR (short-term rental) regulations.

Many are also taking the fix and hold approach, adding long-term rentals that produce cash flow today while appreciating in value over time.No matter the strategy, the same principle applies: your returns are made at the buy.

agreed thats a tiny lake  cant see it as much of an attraction personally but Hey us west coast folks are used to large lakes we dont have 10k small lakes.. 

You can start with your own kids or siblings, raise tiny amounts of money.

I would actually prefer to do a tiny house community, but it's more difficult to get towns to agree to doing permits for those and obviously more costly than a trailer. 

Quote from @Drew Mullin: Just was a on a call the other day with about 20 real estate agents that are high producers.

Is there a reliable app or software that you can just enter the subject address and it takes all the guess work out and produces accurate comps? 

Zombie Foreclosure report shows 1,390,000 U.S. homes are available, so go buy one - there is plenty of inventoryATTOM's Q3 2025 Vacant Property and Zombie Foreclosure report shows 1,390,000  U.S. homes, or 1.3%, are currently vacant — a rate that has stayed consistent for more than three years despite high housing demand.Seven of the states in ATTOM's top 10 are judicial foreclosure states, which means there's a long process that banks have to go through within the judicial system in order to foreclose on a property, which can cause a backlog of pending foreclosures in the system, said Tina Tamboer, senior housing analyst for The Cromford Report.Indeed, the number of foreclosures today are a tiny fraction of what happened during the Great RecessionToday, most of the foreclosures are investors who bought homes in 2022 and don't have enough equity in the properties, Tamboer said.