Investors & landlords

Nevertheless, it would be a bit odd if @bien9luc had been referring to some other safe harbor (such as that addressed in Notice 2015-82, which was not even mentioned in the original post), when the first line of the Revenue Procedure that WAS mentioned in the question is:

 

This revenue procedure provides a safe harbor under which a rental real estate enterprise will be treated as a trade or business for purposes of section 199A