long term I’d simply be okay with owning a few rentals for passive income and retirement.

@Corby Goade he specifically was referring to STVR which allows one with material participation to offset any taxable income not just passive income.

It could also be worthless if they are only doing long term rentals since its all passive income...

If you get appreciation in the next 5 years You can still sell without paying captiol gains.

ReweyDoes anyone else see this as pooling money to passive investors for partial ownership ?

Overall, I had a decent experience throughout the process as it generated good passive income and my involvement was minimal.However, now that I have more time at my hand, I am interested in making the process and my investments more optimal in terms of cash flow.

Real Estate Investment Trusts (REITs)- Diversification: Invest in REITs to gain exposure to a diversified portfolio of properties without the need for direct management.

I don't think the time and effort would be worth the gain. 

After a solid 6 month intensive full rehab and pulling all the cash invested out I like to tell my wife 'Hey look at all the free passive income we have!'

I've worked with a lot of CA investors to help them create passive income with Indy deals but it can be done anywhere with the right training and attitude.Please let me know if I can help with anything - we're all rooting for you Jaime.