It will be up to you to defend any allegation that you are engaged in foreclosure consulting without a license or exemption, if you don't have a license or exemption.

Redevelopment is complicated, engage a broker who has experience with such projects and who can cast the net far and wide.

They don't cook, go out to shop or engage in personal contact with others so there is very little in the way of necessities.

I hope to one day get back in the habit of engaging in cash flow notes again.Which leads me to one last question... in your journey in real estate investing, have you ever completed an owner finance deal with a homeowner and sold a part of your future cash flow?

@Brian Pulaski  in our markets that are not attorney closing states its simply not common to engage attornies in these issues.. 

Rhe IRS concluded that a taxpayer's involvement was sufficient to constitute a trade or business even though a management company was engaged as the leasing agent and handled day-to-day operations.

All real estate activities you engage in need to be approved by your broker as their insurance can have a clsim filed against for any of your activities.

How do you communicate with your spouse the benefits of investing in rental properties when they are as conservative with money as it comes; like let's sit on $50k cash conservative?I understand that we have our own r...

Commissioner, where the Tax Court held that a dermatologist (who would likely not have qualified as a real estate professional by our current definition of real estate professional) was in fact engaged in a trade or business of managing his six rental units. 

So you are saying that I really don't need to engage with the General partners LLC with my LLC ?