Many do not qualify and having a PM does not help your case.You may want to read up on IRC 469 and review the IRS's Audit Technique guide. https://www.irs.gov/pub/irs-mssp/pal.pdf

Under audit, if you don't have the time log for you and everyone else you will not be able to claim these losses. 

I was recently flagged for tax audit, and one of the asks was to show all hours spent on real estate.

All you would need to say really is that you materially participated in the business during the tax year and just be prepared in the case of an audit/IRS notice.

Education and research hours, "managing the property manager" all have failed under audit historically.There is a lot more nuance here I could go into, but I would strongly advice you talk with a real estate-focused tax professional.

Education and research hours, "managing the property manager" all have failed under audit historically. 

Do they provide audit protection?

If you get audited good luckNot a cpa or tax professional just telling you what has been relayed to me by several CPA’s

There's no grey area here and under an audit, this would easily be reversed.Originally posted by @Eamonn McElroy:@Michael Blank"I know a doctor who's been working with them; he's a passive investor with HUGE active income; Wealthabilty helped him figure out how to leverage the real estate depreciation to reduce his taxes."

I have seen to many people try to do taxes themselves and then we have to go back 3 years and amend the returns because the taxpayer either is exposing themselves to audit risk or missed out on a great deduction that would have resulted in a larger refund