It can be just about completely passive if you use a broker/match-maker to handle everything for you. 

Also, the web of entities that Glenn mentions is truthfully pointless.

If the owner employs a management company, then the management company is required to obtain the business license - not the property owner.according to the tab (Profits Tax) on the same page above, I should NOT file form RD-108 either to pay KCMO city earnings tax, because I am a passive investor, and not actively involved in the management of my property.The problem is that, I did submitted my business license application a few weeks ago (still in the process) before I checked the KCMO web side.

I haven't had time to really look into it.https://flippingmastery.com/web/fs-jv/?

My strong advice is to stay off the web when looking for a lender, Nicole.

We have a management LLC (owned by my wife) & I have an LLC for my web design, authoring and consulting business.

Embracing a full-speed-ahead approach, I've drafted a rough business plan and developed a Progressive Web App (PWA) calculator, a tool to help me evaluate properties, determine appropriate rent, and calculate tax deductions – it's all about being prepared!

Play matchmaker with people looking for individual rooms and connect them with one another so they can collectively rent together or rent by the room if you choose. 

We would ask them to look at our web site then they would call back with follow-up questions or to schedule a showing.

I am rebuilding an old web site CHARTERED to share real… deals…It had….