Investors & landlords

I just had an update class with a tax attorney teaching it and he brought up this situation as a cautionary tale  and said how the IRS almost always wins in an audit when folks try this non passive "loop hole".  If you want to use it you must use the downloaded TT program and make an override in the FORMS mode.  And prepare now for the audit with detailed contemporaneous records of the time you spent and anyone else working on the property which includes the cleaning crew, repairman  and management company.