However, if the property is sold while financed (there is a loan on it), a portion of the gains will be subject to UBIT. 

First one we did closes in Feb and is sold to Toll Brothers..

My understanding is that you can sell assets and defer capital gaines taxes in an opportunity zone until the property is sold.

The turnkey company then manages the property for the investor owner until the property gets sold eventually.

Perhaps seek out and audit GPs and their private offerings and invest with them as an LP.

private real estate syndications are another option to passive RE investing, but IMO require a lot more research before buying than REITs where you have a professional team managing under SEC regulations, with public accounting and filings.

In other words held for steady cash flow.My VARIABLE (note) PORTFOLIO consists of more active/speculative notes - non performing notes I purchased at discount to principal owed; notes I hope to “work” for enhanced ROI, real property I “purchased” with a leaseback option to repurchase, and defaulted notes I purchased planning on eventually taking ownership of the real estate, as well as notes I created that don’t have current payments but provide a guaranteed return plus an equity “kicker” when the property is sold. 

Yes, an investor agent, an experienced rehab contractor and a very experienced private HML that is also an investor, all of which provided invaluable guidance.

Lived in it and sold it a few years later.

Will Add in CA  there are 3 ways to do the Private loans..