Having the bare minimum can be okay but it also puts them in danger if something should cost the HOA and when that account goes to zero or under 10% they generally raise the HOA fee's.

@Sachin S.contact a CPA with experience with material participation for cost segregation.

He fast talked me and barely answered any questions.

In my life outside of real estate, I worked in Information technology where I have participated in the creation of open source software as well as documentation published under creative commons. lots of license thinking to borrow from.It has always felt wrong to attempt to monetize everything associated with real estate investing.

It takes $14-20k per year to participate fully in datasources for most markets plus hours per week to see all the listings and movement.

My mom barely lives off the income from her properties that she worked her butt off to obtain over ~30 years.

Is anyone participating in their mentoring program?

Checkout section 469 of the tax code for material participation tests and what it all means.

If you get the REPS and meet 500 hours managing your own materially participating LTRs, your LP interest can benefit you.

There are a lot of good resources for being a successful property manager and many meet up groups to participate in.