What’s the minimum a partner needs to do in an LLC (owning rental property) to be considered active enough to avoid it being labeled an investment security under the Howey Test?

I’m Amelia Garcia, and I specialize in real estate data research and lead sourcing.

I’ve been working on a simple underwriting tool for small investors who don’t want to spend an hour in Excel every time they look at a property.Here’s how it works:Drop in the basics (price, rent, expenses, loan terms)In 30 seconds, it spits out NOI, Cap Rate, DSCR, Cash-on-Cash, and a simple traffic-light recommendation (Green / Yellow / Red)You get a clean one-page summary you can actually use to make a quick “go/no-go” callI’m testing it out with real investors now.

I’m Amelia Garcia, a Lead Generation Specialist with over 10 years of experience in real estate data research and off-market property insights.I’ve seen how much the market has changed recently, and it’s fascinating to watch investors adapt their strategies to find motivated sellers.

I'm finishing up an MBA in Data Analytics at Clemson and hold a bachelor’s degree in Industrial Engineering.I'm preparing to co-found an LLC with a fellow Army Captain as a 50/50 partnership focused on long-term rentals and BRRRR projects, or potential flips depending on cash flow.

Neighborhood & market-level data — Things like median rents, school districts, job growth, population trends, and recent sale prices within a one-mile radius.

From there, take that data and build out a marketing strategy, whether it be social media, advertising online, billboards, tv, radio, direct mail, email, etc....

Hi @Dylan Jashari, For cash deals, start by combining public data sources like county tax records, foreclosure filings, and code enforcement notices, into a central dashboard.

the lists everyone pulls are the same, and that's the problem.That's precisely why I started RREDO (Remote Real Estate Data Optimization).

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.