(outside of going after your personal assets) Banks and financial institutions are too smart to be putting themselves in this type of scenario.  

I've worked in institutional single family acquisitions for a few years and have rarely had good experiences with turnkey investors.

Your current Lease and payment terms are recognized until [DATE]; however, moving forward, please send all payments, maintenance requests, and correspondence to the address listed at the top of this letter.If you are currently using an automatic draft, cash deposit, or other form of payment to pay for your residency, please contact your financial institution immediately so as to avoid any late fees and/or eviction notices.I have included with this letter a Tenant Update Form for you to fill out.

Also, at what point do institutional buyers re-enter the market aggressively. 

That way, you get some of the equity for your participation, plus you get to shadow a syndicator through a deal.

I believe my wife and I pass all the test under REPS and material participation.

Have participated (currently still involved in them) in two real estate syndications.

This allows for a wide variety of ways to achieve the goal thru all aspects of real estate; investing in assets that have great capital gains potential but may not cash flow (options, land, redevelopment, gentrification, etc. ) utilizing “fee income” to build my estate (syndication, brokerage, partials, participations), and “creating” high yielding notes, and “creating” wealth through creative real estate buying, selling and exchanging. 

Her work in this way again is not influenced at all by if it is an LLC in her name, your name, or both - it is based on actual hours worked.IF and AFTER you meet the above tests, you need to prove that you materially participate in your RENTAL trades or businesses, generally this is at least 500 hours per year, but there are other tests as well.If you qualify for all of the above, now you can use tax losses from rental real estate to offset W-2 income. 

While you are less likely to meet a passive investor at these meetups, there is reasonably high chance that you will meet someone that would want to partner with you on the deal as an active participant.