The CC&Rs and articles of incorporation are like the Constitution, then Bylaws, then Rules follow. 

Best,Enzo Di PalmaHello Enzo:Would you be interested in providing a quote or two about Florida cities ranked as good investments for an article to be published on the GoBankingRates website?

It would probably help to have a link to the chatroom in a prominent place in the navigation.

Thanks for sharing, very interesting article.

Links below to articles that explain some of the possibilities.   

If the dynamic had been as simple as "you need an LLC" I would have gotten one for them, in fact Renovo pre-approved me but did require an LLC prior to closing, in Illinois can be done on line and I think it a 10min form to complete, $150 fee to expedite and I had my Articles of Incorporation the next day. 

Please let me know if there's a meetup planned soon, or if there's a link to the club :) . 

I suggest reading this BP article on the core 4.https://www.biggerpockets.com/blog/core-four-real-estate-teamIt's risky to start out with a BRRRR, especially if you don't have capital for reserves. 

Do you have a link for that statute?  

This quote below is from your link with bolded emphasis by me:So, even if you materially participate in running your rental properties, you still can’t deduct those losses against other nonpassive income.