My wife is a stay-at-home mom but handles leasing, tenant issues, repairs—basically runs the rentals.We’re exploring if she can qualify for Real Estate Professional Status to offset my W2 income.

My wife is a stay-at-home mom but handles leasing, tenant issues, repairs—basically runs the rentals.We’re exploring if she can qualify for Real Estate Professional Status to offset my W2 income.

We do not pay for any hotel stays.

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

I’m working with an extended stay hospitality operator who has developed and continues to operate multiple boutique properties in high-barrier leisure markets.They’ve completed several funds, each raising mid-eight-figure amounts from a friends-and-family network to finance development projects.

You need actual stays, at a minimum 2.

The Airbnb side can qualify under the STR rules if the average stay is under 7 days and you materially participate (your 100+ hours helps with that).

Where STRs differ (and why people talk about them more)Short-term rentals sometimes qualify as an “active business” (if the average stay is under 7 days or you materially participate).

My pricing doesn’t fluctuate for a 1 month or 3 month stay but you could offer a 10% discount.

If the guest stays for 5 nights, my nightly rate will only see a $5 increase for example.