@Vivian Killin I also created a company page just for testing things out.

You would not be able to be classified as "materially participating" under what you propose, you must meet a couple of criteria to be considered including 100hrs+ spent on the business and more time than anyone else.

Let me give you an example of how these deals are structured:Seller wants to sell their property, but for various reasons (including cap gains taxes, low ball offers from cash buyers) they prefer to seller-finance their property instead.

I am risk averse and if I were to purchase, I would tear down to the studs and do a full rehab {this would include getting rid of asbestos shingles and insulation).1) I have done a ton of research and it appears as if getting rid of asbestos is very DIY able assuming you spend money on the safety equipment and use it properly. 

I'm just trying to think how to create a community of individuals who will get along and are similar in some way without discrimination.  

It's not "risky" as most on this thread make it sound.It's not a "risky business" opportunity because the "LLC" must only be created for that transaction ONLY (w/ a partnership agreement with the seller).   

@Bruno AraujoIf you have a Roth IRA and wish to make leveraged investments, then the IRA will be creating Unrelated Debt-Financed Income and have the tax-cost that creates. 

Created a kitchen, renovated bathroom, rented for $1,500 immediately.

They also offer a website builder to create your own website and you can also pay to upgrade and use other tools. 

Most property managers consider project management not included in their property management services.