It is not 750 hours per unit to qualify. According to The Tax Advisor (an AICPA publication) "A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed in real property trades or businesses in which the taxpayer materially participates and (2) the taxpayer performs more than 750 hours of services during the tax year in real property trades or businesses in which the taxpayer materially participates. "
For more information see: Real Estate Professionals: Avoiding the Passive Activity Loss Rules
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