Havinga  brokerage/employees/agents under you is different than just being a solo Agent at a brokerage is the stance the IRS / Tax courts have historically taken.  

@Mike HoranIf you are self-employed with no full-time w-2 employees, you can set up a Solo 401k & rollover funds from a non-Roth IRA as a tax-free direct rollover and then invest in real estate.

@Nelson Taylor ,Benefits: A) Temporary deferral(possible reduction)of inclusion in gross income for capital gains reinvested in a Qualified Opportunity Fund (QO Fund) ■ Held for 5 years - 10% of capital gain is avoided■ Held for 7 years - 15% of capital gain is avoidedB) Permanent exclusion of certain capital gains from the sale or exchange of an investment in the QO Fund.Example:A sells a property and realizes a gain of $1 million on Dec. 1, 2021.

I tend to undervalue my part in things and I wouldn't have guessed I'd get a 50/50 split.I'm currently working on building a management company that I could have employees run in the future.

He or one of his full-time employees (lead carpenter, for example) need to be managing the project on a daily basis.

Our company is a multimember LLC taxed as partnership (alabama) does this mean we must pay ourselves as employees instead of draws.

From my experience my insurance company asks more about them than any state or parish employees. 

Does Buildium create W-2s for employees?

They can be part of but it is not the same thing as the carryforward losses which are known as "Passive Activity Losses"  These stem from the total losses beyond gross income.

You could probably screen potential partners too just as you would an employee.