Sorry - meant to say the bank came back to our 608k offer saying they had multiple offers now asking for everyone to put a "best offer" forward on this 

When there are multiple activities involved and one or more have negative QBI (QUalified Business Income), but the total is positive, the QBI for the positive QBI activities is proportionally reduced by the negative QBI before computing the 199A deduction and the ones that were negative will have no 199A deduction and no carryover

Someone with a W-2 job and a rental property or two will be charged a lot differently than someone with multiple K-1s, brokerage accounts, etc. 

Put an offer on this property of 608k which the bank owned property is saying they have multiple offers now want closer to asking price ($699k) Property is in opportunity zone and needs a good amount of work - have gone over this with my contractor.

The other two units rent for $800 a month, for a total of $1600.Does this mean it does not pass the self sufficiency test?

I've helped clients purchase multiple short term rental properties all over Scottsdale and Phoenix (condos, SFH, and a really cool property with a guest house).

As a toe-dipper, I'm limiting my investments to $1K per offering for the time being to let the test of time work its magic.

If past that date I'm not getting paid, so my vendors aren't and if it happens multiple times I switch vendors and part of that monthly mgmt % is for my time to manage this process and/or find better services for you. 2) Get agreement on flat fees for the various routine cost such as landscaping, inspections, lock changes, etc, and require them to submit their vendor invoices as backup.

I’ve started using TenantCloud.com to track my property and they do have a listing functionality that will syndicate to multiple sites, but I’m guessing they will be more skewed to a US audience.If anyone is willing to share their experiences, that would be great.Patrick

You do multiple things by doing this.- You build your reputation- you can build a buyers list or a wholesalers list of sellers- you can find private lenders, so you won't need partners - you find mentors who are experienced- and you will find dealsHappy hunting!