Ideally, you would work with your tax advisor to determine (1) if you are a real estate professional and (2) if you materially participate in the rental real estate activity which you referred to in your OP.

Please note that my question is not for crowdsourcing; it's whether or not any similar limits apply to private deals.Investment Limits for Non-Accredited Investors While the updated Title III regulations allow non-accredited investors to participate in crowdfunded investments, it’s not a free-for-all.

If they do not fulfill the terms of the lease or the business fails you have a lease with X number of months at a specific rental rate that they are responsible to pay.If you want to participate in helping them convert your property first you must determine home much you are willing to spend.

Those two categories are income -- not losses.RE pro allows you to take rental RE losses as non-passive if material participation is involved. 

Thank you all for your participation in this post. 

That means it could be a true JV, it could be a loan, it could be a participating loan, it could be an option, it could be a lot of different things.

They allow you to participate with relatively small amounts of money, lending alongside others using first position loans to local rehabbers.

@Mark ErmenceThank you Mark, but a part of my visa requirement is that I have to be an active participant in real estate.

Be prepared to put down a bit more than the 3.5% FHA requires and you won't be able to participate in Fannie/Freddie first time home buyer programs which is a shame.  

My screening criteria for AHA participants is the same as for my market tenants and the demand is so high I can be really picky.