Quote from @Jennie Ballard: We are moving to SE Houston / Baytown area in the spring.

Rental income gets excluded from SE tax, but management fee income would be subject to SE tax. 

I don't rule them out for that per se but it takes extra work to gain comfort.

That means real estate rentals aren't "per se" passive.

I have a duplex on SE Cape Coral….

I was not personally worried about "cash flow" per se. 

This includes things like:Daily cleaningConcierge servicesMeals or room serviceOther hotel-like amenitiesYou materially participate – You can still override the per se passive rule by proving that you actively manage the property.

Duplex’s are priced (at least in SE PA) where you can maybe cover half your mortgage.

But First — A Critical Note on SE Tax If your personal STRs are structured and qualify as rental real estate, then:The income is generally not subject to self-employment (SE) tax.There is no requirement or benefit in routing that income through your S Corp just for tax reasons.So unless your goal is to contribute more to a retirement plan (like a Solo 401(k)) or access corporate fringe benefits, there may be no financial advantage to having your S Corp manage your own properties.4.

Hey David, we don't have a furnishing business per se, but sometimes we help our clients furnish or finish setting up their MTR.