And it would not surprise me if the selection criteria would be:Select for Examination where both Spouses have W2 income AND the Taxpayers claim material participation on Schedule E, line 43.  

This information allows you to evaluate their effectiveness by examining metrics like average days on market and the ratio between closed prices and original asking prices.When buying, an agent should provide a detailed list of their services and examples of previously acquired properties.

Further, closer examination of their “can’t miss” property purchase will most likely show that they incorrectly analyzed the property value, the rehab cost, and the holding costs.  

Documenting your participation is going to be key if you are involved in an examination. 

You can gain a better understanding by examining the type of property you're setting up and comparing it to similar properties on Airbnb, to get a sense of what they offer and the kind of guests they attract.

And it sounds like you’ve been actively engaged here.I’m not saying your CPA is definitely wrong...just that if the IRS examines this, they’ll likely see it as business income unless you clearly held the properties long-term or they were personal assets.As far as the solo 401(k) option, you likely wouldn't be able to contribute the full $70K due to how the IRS defines contribution limits and how they're coordination across multiple plans.

I’m currently around 80% done with the pre-licensing education and planning to take the exam in about 3–4 weeks, so starting the background check now would be ideal.I created an account on MyPVL and began the application process.

Portfolios are, no doubt, being examined to see if they have exposure, and in the interim, the path of least resistance is to cross off Baltimore (and a couple other areas) for a while."

If you plan to get an STR and want to hire an STR management company, you must then examine the numbers closely to ensure you have sufficient cash flow during your off-season, as the STR management company will take a 20% fee.

If you require a use change, expect the plans examiner to require the entire building to be permitted once you reach the building permit phase.