The act also made participants in the secondary mortgage market liable for ensuring responsible lending.

But just look below the post title on the threads where you participated to see who started the thread - or at least that is showing up when I look.

When you start investing other people's money it gets real in a hurry and you feel the weight of the world,  However, it feels so invigorating and just like I am participating on any of the many sports championships and excellent teams I have played on to win many championships.Swanny

Total contributions to a participant’s account, not counting catch-up contributions for those age 50 and over, cannot exceed $66,000 for 2023.  

If your deal had investors/partners with active participation; you might be able to consider this deal a joint venture.

I use it to participate in some RE syndications.

Tax perspective - STRs have a great loophole in material participation but the average stay needs to be 7 days or less. 

I don’t see the point unless this is some sort of fund-raising pump and dump scheme, but I can't see how a savvy accredited investor would participate in this anyway.

I would have to guess that it would be allowed if you are classified as a REP (which you seem to be) and meet the requirements for REP participation.

Hi Eric, buying all-cash restricts your flexibility and size of the deal that you can participate in.