If he is not eligible to claim REP status, is he eligible to claim he materially participates in the deals (even the ones with <5% ownership)?

@Shiloh Lundahl of course we don't mind you participating into the conversation and get your insights.

If not, do you materially participate in the syndication or are you simply a limited partner?

Final update.Project completed.Rented and Refi, this project as I mentioned is the first out of town investment we've purchased, I have uploaded final pictures I hope you like it.the deal when well, I had to leave more money in the deal that I wanted but over all a great experience, because we started with the BRRRR we fined contractors right away and we felt confidante and that give us the push we needed to purchase more, so now we are proud the report that we have 3 properties (4 doors, 1 duplex 2 houses) that all are rented and cash flowing well, and also one more under contract!!!!

To qualify as a real estate professional, a taxpayer must meet both of the following criteria:Taxpayers perform more than 50% of services in real property trades or businesses in which they materially participate.

2-if you started to self-manage in January 2025 and managed for the remainder of the year would you not satisfy the 100 hr rule and participate more than any others?

Under this rule, if your average stay is seven days or less and you materially participate in managing the property, you can treat it as non-passive income and potentially use tax losses (like depreciation) to offset other income.

**Community Investment Program (CIP)**: Some local banks or financial institutions partner with government programs to provide low-interest loans or better lending terms for landlords who participate in affordable housing programs like Section 8.

I know that participation in operations affects the tax benefit in some ways? 

I haven’t heard the story of  the investor who rode the coat tails of a wholesaler to the same level of success but networking and building relationships with wholesalers seems to be prioritized over all others industry participants.