The lender is giving 1% more than par rate and what they are doing they are refinancing after 6 months and payoff the a principal with remaining money left from initial 2-1 rate buy down and then again refinancing for higher rate and the cycle continues... hope this helps and let me know if it's confusing I will try to rephrase it

I currently own about four units, and things have been going smoothly.

Even if demand picks up, supply will still be tight — and that keeps pressure under home prices.🛍️ Consumers Keep SpendingRetail sales beat expectations with a 0.6% bump in July, led by back-to-school and online shopping.👉 Market takeaway: Strong spending keeps the economy out of trouble, but it also makes the Fed’s inflation fight harder.

Engage with posts, ask questions, and share your journey to connect with others in the field.Research and Due Diligence: Continue educating yourself through books, podcasts, and online resources.

Would that not fall under the same category of “material participation” in day-to-day operations?

Happy to keep the conversation going!

I've been also told to "forget LLC's, go conventional mortgages, put each rental in your name, and get buy personal liability insurance that covers all of your personal and rental assets"   (which at this point is looking attractive and cheaper) 

I'm not sure if it'll take off like a rocket in 5 years like you stated, but it continues to be a strong rental market and is perfect for retail investors!

What are you going to do?

Just keep going with purpose.