I have been a participant in their survey, as well as a Section 8 landlord. 

Or conversely maybe you have NO interest in being an active participant at all.

@Monica Juarez-GonzalesYour extensive real estate experience, including owning small multifamily units and participating in syndications, demonstrates your commitment to portfolio growth.

Unfortunately, I haven't received much participation as many people always suspect spam with these things.

Despite this, there’s still a ton of appetite for participation.

He never gave any tithe ,participated in communion , never kept the sabbath day ,never got baptized , never joined a church , never prayed to Mary ,never went up to an altar or repeated a special sinners prayer .. he simply trusted that Jesus is truly the son of God and repented.

So, we may never be able to weed them all out from any of the industries where humans participate.

In this case, since the capital stack includes 70% debt, it's likely that some portion of the income generated by the preferred equity investment could be attributable to UDFI, potentially triggering UBIT.However, the preferred equity in your scenario may be treated differently from common equity, especially since there is no upside participation beyond the fixed return.

These strategies can also apply to foreign STRs if you meet material participation and substantial services criteria.

The next phase of my maturation cycle is gaining "on the job experience" in the form of GP participation before attempting to take down a deal by myself.