There is a $25K cap, however, on the amount of your residential real estate activity loss that can be used to offset your other ordinary income.I would guess that a real estate appraiser is in a real estate related activity that could be used to qualify for real estate professional status.

They didn't ask you for anything out of the ordinary.  

Meanwhile, various ways exist of enforcing the note, including a UCC filing.The provisions of business to business loans differ from consumer loans, and in addition, where necessary, the provisions of member capital contributions differ from ordinary loan terms.  

It will be combined with all your other sources of income and taxed at whatever your rate is for ordinary income.Just to your second point about how the income is viewed when getting financing, yes the lenders do like to see a "track record" until they will count it in your ratios.

@Chris Simmons Correct when flipping in your own name you are taxed at ordinary income rates based on your bracket for ownership of less than 1 year...however that's still called a short term capital gain.

The funny thing is that in the same moment I was starting to read Kiyosaki's book, it was like a clear message for me hahahahhaha...At the moment I am just an ordinary student.

So bad in fact that many times it was probably torn out and someone just started over.Again, in common ordinary circumstances I believe you can do the knockdown texture and paint and you're good to go!

(Money can't randomly appear in my bank account, all big deposits have to be traceable, ordinary, and reflect my financial situation).  

All expenses that are ordinary and necessary to the business at hand are deductible.

I have been quite bearish for a while, suspecting that the growing optimism which has characterised the last few months would eventually fade again as reality began to sink in that this is no ordinary recession and that 'less bad' doesn't necessarily translate into a quick recovery.