@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).

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

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

Learn as much as you can from the developer in the role you're in and aim to be an asset to them so that you get more opportunities to learn and grow. 

It's possible the engineer is agreeing to take on the ENTIRE development process and manage the entire development of the project but that would need to be clearly defined in the roles and responsibilities of the development partnership. 

Even with the manager, in mine, I'm thinking about and doing more in the STR than they ones I actively manage.

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. 

We have to get active and vote these lawmakers out https://myemail.constantcontac...https://www.aacsc.org/As a Result of COVID-19, AB 1436 (Chiu) Is Introduced.Tenants May Be Authorized To Indefinitely Stop Paying Rent♦♦♦♦♦♦Please call our Senators (listed below) and urge them to VOTE NO !

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.