#2 Switching to Airbnb/STR - but this is a PURELY active business, NOT passive at all. 

I agree with you that if you are raising capital, you need to have other responsibilities in the deal, and you can't  get compensated for raising capital unless you have broker deal license.It can work if the sponsor who is running the deal is qualified, but unfortunately, people who purely raise capital can't vet a sponsor.Caution: If you're going to raise money for someone else's deal, have a conversation with a securities attorney.

Have a drink from time to time, talk shop, etc.

If you’re owner occupying, you’ll qualify for different loan types than you would if it was purely an investment property.

But that is just with our occupancy rate, posted rules and extra fine for breaking said rules (spilling drinks, food, dirt, etc.).But only you will know how often it needs to be done.

When I started in my 20s and I was able to drink brake fluid and nails for breakfast, I was listening to 3 podcasts a day and analyzing deals from sunrise to sundown.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

And, here all my life I've gotten a midnight drink from the bathroom...

Many investors have sold deals in the past market cycle, and mad money purely through  cap rate compression.I would like to know how many deals they have gone full cycle.I want a list of their team members, including CPA, Securities Attorney, Property Management company, and all the general partners on the deal.LPs need to focus on their goals, and make sure their interests align with the sponsor.Hope that helpsGino

For what it's worth, some ideas I've seen pitched are grocery bundles (e.g. a breakfast bundle for 2-4 people with eggs, bacon, bagels, cream cheese, and OJ all pre-stocked in the fridge), meal kits, a pre-stocked drink fridge, charcuterie boards, premium coffee selection, bike/e-bike/scooter/kayak/canoe rentals, video game consoles, upgraded work-from-home office amenities (e.g. oversized computer monitor), etc.I'm not a lawyer, but cocktail kits, bottles of wine, local craft beer, and other alcoholic items seem like they would fall into a grey area from liability perspective.