It has contributions limits that are 10 times higher than an IRA, allows you to invest tax-free using Roth sub-account, allows you to access up to $50,000 via participant loan feature, exempt from UDFI tax on leveraged real estate, and more!

First, either you or your wife must materially participate, AND, your average rental day must be 7 days or less to have the deprecation go against your active income for the "str loophole."  

There are other ways around it like material/significant participation in RE will let you use those passive activity loss against your other income.Please talk to your CPA about your specific cases so he/she can help you better.  

Hey @John Mathew, have you personally participated any any of the mentioned programs?

I'd recommend finding a local REIA to participate in.

Stability and affordability2, Strong economic/demographic fundamentals i.e. growing populations, growing jobs, high labor participation rate, and good incomes.

Join your local REIA, participate!

Having them be private lenders in your deals keeps you the sole vested owners and let's then participate safely on a more liquid, passive investment with interest income earned.

Given that I have a marketing background, we have chosen not to participate in any partnerships with these agencies for a couple of reasons...1. 

If the development can be sold in 3-5 years for a great price, the original investors participate in the increase and get that profit proportionate to the units purchased at the start of the syndication.