Sadly you would need to either have a spouse qualify for REPS (you cannot due to w2) or either make under 100k per year so you can deduct up to 25k of losses per year and actively participate(this is different then material participation). 

It is an entire program with participating lenders, and the process should be started before you start putting out offers on properties.Read more here:https://www.nj.gov/dca/hmfa/roadhome/index.htmlIf you need funds to close, I would probably suggest starting the process for your 401k loan now.

Many states --- including Pennsylvania --- recognize what is commonly known as "participation theory," which holds owners/officers personally liable for the corporation's torts if they participate in them.

I also participate in market and manage two properties in louisville(Growing a small portfolio.)let me know if you had more questions,shervinrealtor.com

My situation is that my STR averages less than 7 days, I have material non-passive participation, so that I qualify for the "loophole". 

Also thanks to all the people that participate in the BP platforms.   

Just start reading, listening, and participating and figure out what niche you like best.

I have participated in my fair share of residential syndications.  

BP should consider improving this policy to encourage more inclusive participation.

I didn't read the full doc yet, but was there any verbiage about a landlord having to participate/sign up for section 8?