The biggest barrier to obtaining many NOO loans in the beginning of REI enterprise is the DTI barrier.

Most states and just about all counties & cities feature their own incentives that are generally tiered to assorted tax consequences---essentially obviating, or appreciably reducing the impacts of whatever debt's used to purchase and operate real estate benefiting particular demographic occupancies. a few of the lead affinity groups are disabled, elderly, economically disadvantaged, ethnic minority women and home based enterprise operator/owners---along with honorably discharged military veterans. other private charities sponsor trillions of dollars in incentives for parallel use & occupancies. interacting with their funding channels can be tremendously enriching.

However, in 1946, the WJ Howey case gave guidance on what a security actually is by establishing an easy to use test: 1.There is an investment of money.2.In a common enterprise (more than one investor).3.With the expectations of profits. 4.Through the efforts of a promoter.

If the irs, I assume this was Not because there were irs liens previously filed, but due to some tax evasion for cash rec’d in an illegal enterprise?

As for property managers, I used to do landscaping work for Ground Floor PM and AI Enterprises.

Apologies in advance that this is so long.Backstory:I’ve been researching and learning about real estate wholesaling (listening to BP Podcasts, listening to Flip2Freedom Podcasts, etc.) for the last year and finally took the plunge and launched my business in January of this year by creating an LLC, starting a buying and selling website, and am in the process of figuring out a CRM (going to use the Enterprise paid version of ZOHO).I purchased an Absentee Owners list from list source (40%-100% Equity, Last Market Sales Date 2010 and older, etc.) for my target market (which is about two hour’s away drive time) and came up with about 2,000 names.

If you are going to try to run a real estate enterprise from 1000 miles away you need to establish a local team of good people before you plunk down one dollar on properties.You're going to need a solid real estate agent with experience in investor properties to help you acquire and sell or manage the rentals.The agents should have everyone else you need in their contacts list (contractors,plumbers,etc.).Go down there and establish your solid professional relationships and then start looking for good properties.Good luck.

Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved.Generally a bit of a stretch in reality to include residential rental properties but under the definition they are included.None I have ever owned were passive from my perspective. 

Jared seemed pretty open about his dealings and different enterprises. 

Before you do anything, I recommend that you KNOW the business better - the business of real estate and of running a business enterprise.