The key words are "not materially involved"With rentals, this passive income idea becomes illusive as the mere management of it can become a big undertaking.

If you are merely assigning a deal, the law falls on the shoulders of the seller (but most sellers I've worked with aren't selling 2 or more homes with creative financing within a 12 month period, so Dodd Frank won't effect them either).

You merely estimate/measure your expenses and come up with your own real level of expenses.

I verified with him that FB and the two partner companies he tried do not allow the policy holder to rent to s8 tenants under their policies, stated that claim rates are too high on s8 tenants. 

"Reality is merely an illusion, albeit a very persistent one."

It is merely a daily weather report and a storm could be on the way.

I apologize if anyone felt attacked I was merely making an observation.

My mother in law helped me re-roof my garage some years ago.

It was merely just an ignorance to others feelings.

But could this perhaps be a better solution than merely turning the mortgage management over to a servicing company?