In my life outside of real estate, I worked in Information technology where I have participated in the creation of open source software as well as documentation published under creative commons. lots of license thinking to borrow from.It has always felt wrong to attempt to monetize everything associated with real estate investing.

Is anyone participating in their mentoring program?

Checkout section 469 of the tax code for material participation tests and what it all means.

If you get the REPS and meet 500 hours managing your own materially participating LTRs, your LP interest can benefit you.

There are a lot of good resources for being a successful property manager and many meet up groups to participate in.

So you miss out on market participation.

As things moved slower and maybe missed out on some good tenants not wanting to participate in that process.

A properly structured syndicated offering will be an LLC as is, therefore, from an asset protection standpoint, there is very little point to forming an LLC just to participate on the LP side.Now, if you are trying to pull partnership money and charge the partnership a management fee, which sort of makes you a feeder fund into the syndication, then there are a whole host of questions for an attorney. 

I’m proud that we’ve consistently generated strong results for our users since we launched, and we’re satisfied with our growth and the features we continue to add.

The IRS sets the rules, and they are available on their website:https://www.irs.gov/retirement-plans/plan-participant-employ...