@Josh Pryor I’d like to participate in one of those

I hope to one day participate in an auction but for now just learning about my local markets and investment options for the future. 

I'm not a qualified tax advisor, but I have an inkling there is a way to offset capital gains if you have REPS status or own and actively participate in managing a STR. 

Thank you for replying and participating.

As they're LLCs and not LPs we should be examining if more than 35% of losses are allocated to "limited entrepreneurs" during the tax year, not "limited partners".If you and your wife both actively participate in the management of the LLCs it's not likely that these LLCs would be syndicates and therefore they would not be tax shelters under the business interest limitation rules.Note this is an annual test.As Brandon mentioned, real property trades or business can elect out of the BIL if they're subject to it, but at a cost.Keep in mind that if they're tax shelters you must also use the accrual method of accounting.

I do participate in DIG's DelCo Subgroup and frequently attend the Breakfast Subgoup on Friday mornings, and have found those to be immensely helpful. 

Such a fund could invest in either business or real estate in opportunity zones and thereby also become a qualified opportunity fund.With any of these strategies, a community-scale fund can open up the opportunity for community ownership of community assets, with everyone able to participate on a level playing field, and everyone able to reap the profits from local ventures.Over the next few months, the Treasury Department and the Internal Revenue Service will be providing further details, including additional legal guidance, on this new incentive.

My uncle was in an even worse position, as a small business owner, he couldn't pay his suppliers or his bills.These are not political people who participated in the previous political corruption that had put Greece into this position.

Generally no, but there are certain circumstances where it could be yes based the level of participation in the LP, on whether you are electing to group all your real estate activities and the % of gross rents from the LP compared to your overall R/E business.  

@Sam Sciasciathere are no upfront fees or setup fees paid by a participant in a 401k.In a Solo 401k investing in RE  there are no  ongoing fees to manage the RE.