With the deal structure this was you get:$ in stocks - providing--Div, Appreciation, Cap Gains leveraged to gain House with Equity capture, Cash flow (think house hack), principal pay down, appreciation, depreciation and write-offs and whatever the value of learning to earn is....  

He only has 1 rental & isn't a Broker / Agent.

The LLC is the new owner of the property so a policy that is just in your name is not providing any coverage.  

I am a new agent and working with other seasoned investors in Indianapolis and looking to connect with other agents and investors to expand my network.

How long have you been an agent?

I am currently seeking funding and establishing partnerships with agents who are knowledgeable in alternative financing and real estate investment strategies.

Under the IRS rules, a person  qualifies as a real estate professional if: (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participates, AND.....(2) hours spent providing personal services in real property trades or businesses in which the taxpayer materially participates total more than 750 during the tax year.Like @Greg Scott and @Russell Brazil mentioned above, I don't believe that you would qualify as a REPS, but if you are going to try it, make sure you document it very well (i.e. with some kind of proof, like time cards, mileage forms, and/or receipts, etc.) so that just in case you do get audited, you at least have something to provide to the IRS agent. 

Quote from @Kendall Jackson: I’m trying to get started in real estate to provide additional income for flight school and eventually buy a home in San Diego.  

Our strategy is to buy land cash, take construction loan to build the structures.Some napkin math for this strategy:Land cost : $200,000Building and furnishing Cost: $400,000 for each A-frame (Provided we have electricity, well ready )Airdna revenue estimate shows $400 night rate with 70% occupancy.

All the way to smaller things like if it has a drive way or not even though you provided in person videos and pictures of the property for their assessment (never mind the actual listing for it or what shows in their own system).