Speaking of, one of the reasons why they're behind is because of debt coming due later this year.

If taxpayer is not involved in day-to-day managementor operations, certain activities are disregarded when counting hours for material participation.The following activities would not constitute material participation: Studying financial reports Preparing analysis for taxpayer's own use Monitoring finances or operations in a non-managerial capacity Periodic consultation (not sufficient to meet material participation standard)Investor-type activities do not count unless the taxpayer is directly involved in day-to-day (see above for day -to day emphasis mine) management or operations.

Are there reasons I would NOT want to file the deed? 

If the other heir fails to step up to probate the property, you may be able to keep all the rent  If the other heir does petition to probate, you could deduct the reasonable and necessary costs of the eviction and of renting the property (but not the costs of improvements).

My investing covers all of my expenses and was sufficient to add $2.5M to my net worth over the last 12 months.

Although it is still under development there are sufficient ammenities available at the apartment project and within the community and people have started STR rentals.

@Skye Penland - That might work, but my experience with contractors is that those with skills and focus / ethics sufficient that you'd WANT them working on your property - tend to be busy / in high demand.

The $20/mo ChatGPT pro is sufficient to do whatever you need.

This works in Southern California (CA), AZ, WA, and TX.Like This"How To Make A Reasonable Offer Using Creative Financing To A Seller"https://www.biggerpockets.com/forums/311/topics/1264041-how-to-make-a-reasonable-offer-using-creative-financing-to-a-seller

There are two main reasons why not reporting to credit is a big advantage:If it doesn’t show on your credit, it may not affect your ability to get DTI-based loans.