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.

For quick checks, KeyCheck and SmartMove have been the easiest for me.Happy to connect!

@Gary Tucci,A cost segregation study can definitely be worth the investment, especially with 100% bonus depreciation.Since your short-term rental (STR) is likely non-passive due to your material participation, the bonus depreciation can offset other income, including W-2 income.

Also creating marketing material, generating and illustrating MLS stats, updating information to MLS for new listings, updating transaction coordination software (i.e.

@Alex Melara  We managed short term rentals for a while and stopped when the restrictions became to restrictive. 

On the map of the US, click on the State the property is in.

I am the store manager at the largest flooring store in Houston, and top 100 in the Nation.

Beyond that, it sounds like your investor network is trying to compare the actively managed businesses acquired in the past to real estate which goes back to educating them on the opportunity.For example, what is the investment period behind that 30% IRR they are quoting?

But if the blue sky materialized then repurchasing that equity could still turn into a win/win.

Unless you become heavily involved in the marketing of the old property.