Take action, join, participate. 

A joint venture is a partnership for a specific deal usually for a limited time in which both partners are “active” participants.The definition of active vs passive when used in this connections is not what the general public would think, it relates more to the right to make decisions rather than an amount of time or effort.In reference to previous answers on this thread, the securities laws in the United States regard any investment in which a participant is “passive”, that is there is someone else making most of the financial decisions, as a security or sale of an investment.

Any advise on STR for remote properties if i want to "materially participate" in it? 

Super tight labor market with a low unemployment rate and a large amount of job openings, but they are excluding the fact that the labor participation rate sucks.

The investor can either take on that full risk themselves by buying a property for cash or spread out their risk by leveraging a bank loan via a third party who's willing to participate).

A more accurate assessment is that other market participants who are not as closely monitoring changes in the market are loosing out on rent.

Typical lawsuit takes a year and a half and cost each participant around $50,000 even if it wasn't your fault.

This year I tried buying, but refused to participate in the crazy bidding wars and gave up.

I thought pretty much everyone was and that it was one of those badges that everyone gets, like a participation award in middle school....

If that's allowed then to what extent is one allowed to participate in the business.