I would also argue that there are plenty of landlords out there that have rentals which are currently below market rental price.I assume that this part of the tax code was created to prevent those with multiple homes from letting relatives live in one for almost free, while potentially hiding that rental income and not having it registered as a business and pocketing the money.  

We also learned what was necessary to tap rental assistance and homeless prevention funds and social services,  on our tenant's behalf.

@Benjamin MannIf this is a general question, there isn't anything preventing you to refinance turnkey properties, provided the property value appreciates enough to allow it.

I have seen a bunch of great wholesaling contracts that are out there for free (Jerry Norton, Jamil Damji, etc) that I would like to use, but I am not sure if my license will prevent me from doing so.

I would add that I would also consider obtaining RE outside of my IRA...this would provide the tax benefits, but prevent from utilizing IRA assets to acquire, correct?

That said, I felt that the organization of the information could be better that in and of itself did not prevent me from being able to understand the information.

Looking at maybe just doing a basic white plastic tub with a plastic surround.Flooring – I need to get about 300 to 400 square-foot of tile installed.Basic handyman and drywall work – it looks like there are a couple of areas where water pooled outside of the house, and a little bit seeped in, so some drywall needs to be replaced, and probably add some type of sealant to prevent the leaking in the future.I have already been looking through many of the forums and have found a lot of great information.

You may consider putting some sort of put/call options into the partnership agreement to prevent any issues from arising should you differ on strategy down the road.

@Cassidy Burns  Hi Cassidy, I know what you mean, it's frustrating when you want to get started but there are obstacles in your life preventing you from doing so.  

This prevents almost all properties from qualifying from there programs.