@ray reed I'm based right off of Exit 9, basically allows to get anywhere in NJ rather easily.

It was easily more than I may working and basically tax free. 

Tile floors, basic cabinets, standard fixtures.

. $250k is basically the floor for a truly turn-key 2-family, and that segment is very competitive.

Unfortunately, E&O (Errors and Omissions - basically malpractice) insurance is not required for real estate licensees in Alabama, so many of them "go naked."

Regardless of what any lawyer could/would/might argue it that the basic result you see with it?

When someone's 2-5 years behind on property taxes, they're usually in financial distress and willing to sell below market to get out from under it.Here's the basic process:1.

Quote from @David Switzer: I'll give some basic on the deal:7000 SF building, 3 floors, 2 apartments above 1 commercial.They are 3-bed 1 bath apartments, paying $3000/month.

I have never posted before but am really hoping for input from STR owners and CPAs on whether I may qualify for material participation under the STR tax loophole as I am quite sure I do but my CPA says otherwise.Background:Bought STR in 2022 in a popular ski area Put into service late 2023, been a solid performer since; we did the basic cosmetic work ourselves and used trades for major upgradesAverage guest stay under 7 daysLive in tristate area, home is in VTSelf-manage (no property manager), rotate cleaners seasonally and have separate people doing snow removal, hot tub, lawn mowingMy CPA says I can't claim material participation because I don't live in the same state as the property.

I called the agent to ask why and he basically said it was rude to ask 3% and that I should have asked for 0.