An “annual valuation period” is an annually recurring period of not more than 90 days that begins no later than the anniversary of an entity’s initial valuation date.

We need to set up recurring meetings so that we don't have to go through this forum each time.

My hunch is that this will be a recurring theme.

An “annual valuation period” is an annually recurring period of not more than 90 days that begins no later than the anniversary of an entity’s initial valuation date.

You should discuss with a CPA who understands pass through taxes, real estate taxation, and can provide you with recurring tax planning services.

I presented the following scenario to him:- My current self-employment income is as a sole proprietor- While not currently formed, I would look to create an LLC for real estate purposes soon- My self-employment income is small and possibly will not be recurring, so I considered other possible self-employment income streams- I have not done any flips to date (just BRRRRs), but once I do, I would look to do them in an LLC- I also have potential real estate self-employment income in another fashion.  

More monthly passive income than recurring expensesI think consumer debt credit cards should be paid off Working 10 hours or less per week

Recurring revenue from a single effort is the best builder of real wealth.  

They're simply based off of recurring debt as displayed on your credit report, your FICO scores, and your qualifying income (not all income can be used to qualify.)So my next call to this lender (and his broker, if he has one,) would be to let him know that you are now discussing his actions with your attorney and are determining just how much financial risk, and possibly even harm, that the lender's advice has exposed you to.

I'm taking a trip to the property today around 6:00PM EST to take a look at possibly why this is recurring.