Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test.

The rub is there's no way to force the seller to participate so there's a chance you could end up having to file a claim anyway. 

But the mastermind course contents and participants gave me confidence to do something.I agree that I can squeak out an OK return if the current course and speed continues.

ALWAYS, ALWAYS, ALWAYS get the VERIFICATION OF DEPOSITS from the institution/bank where the money is AVAILABLE before letting anyone know about your deal!

You can have no active participation in any investment made in your retirement account without triggering the unrelated business income tax.  

I think both institutions offer unique opportunities to better than average cash flow with the right purchase and strategy. 

To fellow new investors, we would love to connect and share experiences on this journey.We look forward to participating in local real estate investment meetings.Thank you in advance!

For just a moment, is it possible that folks would just want to participate in an open and engaging discussion about a topic without intending to discredit another person's view on a matter? 

@Chuk ObiaziReal estate investing can be aided by joining local REIAs, attending networking events, and participating in mentorship programs.

Thankfully I'm in Ohio which has actually added a chapter and language to the revised code in an attempt to prevent cities from implementing policies that institute rent control or rent stabilization in any form.