This thread has instilled the fear of gov (like fear of God, but with the government) regarding being audited.I think I understand what activities count towards REPS hours once I own a property.As a followup to Becca's post above, I am looking for clarity on activities specific to a property before I close its purchase. 

There are safe financing choices for real estate ventures, including seller financing, hard money loans, private loans, government-backed loans, crowdfunding platforms, and traditional mortgages.

Building in 6 months would be a tough job for me so I’ll just find another way to keep my money from the government.

PPI, the Fed’s preferred measure of inflation, popped up last month, and PCE, CPI and PPI have been resilient to up in the face of the fastest interest rate increases in history and Quantitative Tightening, where the Fed stops buying corporate and government debt to reduce liquidity in the economy and slow financial markets.

Their expertise can help you make informed decisions.Insurance: Obtain appropriate insurance coverage for your properties to protect against risks such as property damage, liability, and loss of rental income.Legal Protection: Understand local laws and regulations governing real estate investments.

The government doesn't write off their property taxes.

The Tax deed in my state is very strong it confirms I am the owner so many of the rental properties I own still have the government issued tax deed.If the county is doing their job property with notifications, then the tax deed is not messy at all, at least not in SC. 

I'm quite disillusioned with the situation here in Spain, and here are a few reasons why:- We have a socialist government keen on hiking taxes and undermining businesses.- We're grappling with the social phenomenon of "squatters", individuals who don't pay rent and the government allows them to live in your property rent-free for 24 months before eviction.- Spain's population pyramid is a mess, with sky-high taxes and increasing insecurity in many areas.- The rental yields in premium zones of central Madrid barely reach 3.5% - 5% gross due to government policies, such as the rental index imposed by the socialist government.For these reasons and many more, I'm considering investing in Miami.

Check with your state real estate governing body to find out what they require.  

(https://www.nar.realtor/about-nar/governing-documents/code-o...)I didn't make these things up.