I can say I work far fewer hours buying notes and participating in syndications but far from coupon clipping.

Fast Money for Flips, LLC is seeking a Joint Venture Investor to participate in an excellent short-term opportunity of 11 leased single-family homes in the Cleveland, Ohio area.The properties have been upgraded and leased to qualified tenants.

So, I am on a quest for knowledge and to learn from the experiences of others...I am looking forward to participating in all Bigger Pockets has to offer!

For smaller raises, you will want to try to find another way to fund the deal, such as a joint venture (where all investors stay in control of making their own profit through active participation in all decisions); or try to raise money for multiple properties under a single offering so the raise amount is higher. 

See the following: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions

There is a different set of participation tests if this is the case and if you meet 1 of those tests, then it's possible that your rental activity can be classified as non-passive.  

I know I should qualify as a REP to do this, but my CPA is saying that the first year of property purchase is considered as an 'active participant' and don't have to be a REP.

Purchase Robert Kiyosaki's book Rich Dad Poor Dad; then look for local Cash Flow Games to participate inI could extend the list to 100 but I think this is a good place for you to start.

I found BP doing some research and I look forward to participating more in the future.

So when you are talking about flip all of the work must be outsourced, you personally can't participate.