If you put landlording next to exercising, exercising might be more passive as an activity.

Our clients are very active in buying pre-foreclosures.

@Andres Felipe Alba Hernandez Yes, neighborhood covenants can sometimes restrict certain activities, including short-term rentals (STRs) or renting out parts of a home, even in areas without a Homeowners Association (HOA).

Active real estate investors who can't get comfortable not being in the driver's seat, people who just don't like real estate as an investment, those who can't get comfortable with the risks, those who just don't understand syndicate investments, those who have heard bad things about this type of investing from others, and people who have invested in syndicates and experienced bad results.

I know it may seem from everyone's eyes that I may be jumping the gun and going in blind, which is fair I have no experience in real estate or STR but I do have experience in business and have had a successful business when I was active in the market I worked in. 

Savvy visitors to Mexico avoid certain areas and taking part in certain activities, like they would actually do anywhere."

Regarding your second question, are you asking if those activities help meet the IRS material participation tests or qualify you as a real estate professional?

Occupancy can be off the charts in places like this because there is so much activity or reasons for people to visit during what would be slow days of the week and off season months. 

I wanted to briefly re-introduce myself (I’m committing to get more active in BP again!) 

I know this may not seem possible, and probably not the answer you were looking for, but it would be worth partnering with another active investor, bringing in a passive investor(s), or even waiting until you have enough capital to deploy into the right deal.