I've personally chose to have an active participation in my RE. 

To think you have been doing all these 29+ steps for 10 years and you proudly say it out loud, as if it were a good thing?

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

Not sure if anyone is aware of this, but Marco's partner and CFO, Ronald Fossum, was charged with fraud by the SEC fairly recently and barred from participating in any type of similar activity.

Hey Marc, When tracking your real estate activities for STR management, particularly to prove material participation, it’s important to clearly document each task you perform.

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.

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

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.

Get to the finish line on a property and be proud.