For many investors, an LLC acting as a Holding Company is going to offer the ability to manage the entity simply and provide limited liability protection.

Quote from @Ashish Acharya: @Johnny Smith With an AGI over $150,000, Passive Activity Losses (PALs) from rentals are limited, meaning you can only carry them forward without offsetting your W2 income.

I have been a limited partner in 65+ deals over the last 5 years.I wanted to gauge potential interest for other potential limited partners in building a free community (Skool or Slack) that focuses around education for the limited partner. 

I think they might have been referring to the Passive Activity Loss (PAL) limitations.

GP = General Partner (or sponsor)LP = Limited Partner (or passive investor)

We don't need to "make homes cheaper", we just gotta remove the barriers and special interests that support monopolies, limited competition, centralization, corporate over private, and take things back to middle America, small business, main street over wall street. 

Is there a limit on how big it can be?

We now have rentals and flips all over NE Florida and aren't so limited but that came with more experience and learning more about those surrounding areas.Would love to hear more about what you and your husband's goals are with investing!

Those that do, typically will limit it to very small projects.

Are you in the county, in the city, or in the mile limit for the city?