No, there is a lot more that determines whether a rental property qualifies for the QBI deduction. There three avenues for a rental real estate activity to be considered a trade or business eligible for QBI: (1) the rental activity qualifies as a Sec. 162 trade or business; (2) rent to specific related parties; or (3) it satisfies the requirements of a proposed safe harbor.
The factor that determine whether your business qualifies through the Sec 162 are
1) The type of property rented (commercial versus residential);
2) The number of properties rented;
3) The owner's (or the owner's agents') day-to-day involvement;
