But I am involved more in multifamily and hotel resort investing now.  

My name is Nico Banuelos, and I've been actively involved in real estate since 2021.

Quote from @Zach Rothman: Sorry guys, I didn't really understand what this is about.

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.

We're in a small town so we ask our bank loan officer who is involved in the community for a CPA reference.

I don’t want much if any involvement because I’ll be doing other things.  

Nothing wrong with that as long as you understand and are ok with it.

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

I understand that they would all be considered unrelated even though two of them are cousins. 

Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?