@Carl wrote:
.......As I see it, you don't qualify as a real estate professional......................
If you are the one who makes all management decisions on who you rent to, as well has who you hire to perform needed work, maintenance, repairs, etc. on the property, then it sounds to me like you materially participate in your SCH E properties.
Once qualifying as a real estate professional is eliminated, the material participation tests become irrelevant.
In order for the rental activity(ies) to be treated as nonpassive, the taxpayer must materially participate as a real estate professional.
