It seems like San Jose is an active enough market to do MTR, but that's a guess, not market research.Mike

I know its expensive but you will be well protected :)Or you save a lot of money and be better protected by doing this consistently and well:-carry appropriate types and amounts of insurance-sign contracts with indemnification provisions- obtain all necessary licenses and permits to operate your business-ensure all vendors/contractors are licensed and insured and list you as additional insured-sign well drafted and fair leases and be a responsive landlord -be an active owner or hire an active PM  who avoids or at worse timely eliminates premises liability exposure The strategies you often read about are sold by alarmist asset protection companies who fail to disclose how impractical they are.

There are so many opportunities out there in the real estate industry, stay active and engaged.

The alternative I see as a work around but full disclosure I am not a lawyer is giving tenants notice to vacate and then listing the property with no active tenants or have tenants sign off that they are not interested in buying the building and list right away. 99% of tenants are not capable of being buyers so who knows how often this ordinance will actually be used.

It's a very active state for us.

IRS pub 425 says, "Passive activities include trade or business activities in which you don't materially participate.

His social proof is all about name dropping.  

As Election Day nears, many individuals halt their major financial activities because they feel the uncertainty of the election results may have adverse effects if they act now.

I used to just download my activity into an Excel spreadsheet. 

You can use any reasonable method to prove your participation in an activity for the year.