@Avi Garg: You can sell all you want, just cannot get paid for it either directly or indirectly... so long as you are doing what would be classified as administrative tasks (i.e. not attempting to replicate what a professional RE broker or agent would do), you would be within the confines of the regulations

With Mack however they own so many properties that when there are vacancies you are in direct competition with them for renters, so my guess is that the best qualified renters, and efforts go naturally to there own properties, That is why there are such long vacancy times for the rest of us.   

When I invested in these crowd/syndicate deals I wasn't interested in direct ownership of any rental real estate and had regular W2 income, so I didn't really factor this possible issue into my decisions. 

Hello, me and my partner are ready to get started in direct mail marketing campaign in Los Angeles / Orange County area to find motivated sellers.  

Maybe a dumb question, maybe not, but I'm just getting started in direct mail marketing.So I have a letter written up in Microsoft Word...I want to personalize them with the owners name and address of the property in the content of my letter. 

"Over the 2002 to 2005 study period, houses equipped with smoke alarms and a fire sprinkler system experienced 100 % fewer civilian fatalities, 57 % fewer civilian injuries, and 32 % less direct property losses and indirect costs resulting from fire than houses equipped only with smoke alarms.

Each of these projects by themselves are expected to create thousands of direct jobs, and thousands more indirect jobs. 

If you have to come out of pocket occasionally, then you know it is indirectly going to your principle. 

Account ClosedConsider dealing with the listing agent who is in direct contact with the owner.

It will be taxed indirectly as it will increase your new cost basis on the property.