In the present case, the transient rentals of petitioners' property likewise entailed sufficient activities to constitute a trade or business, and while these activities were conducted by B'Mae's, they are attributable to petitioners for purposes of determining whether petitioners were engaged in a tradeor business.”Again, that the taxpayer was “passive” did not matter.

I then call these folks to discuss the program and conduct an initial qualification. 

to conduct real estate exactly like a real estate agent or broker and get paid to bring two parties together. that requires a license in all 50 states.. but that would not sell GURU how to wholesale courses if the Guru's actually told you the laws

What are some tips and tricks for conducting due diligence on properties going to auction?

If you don't establish the LLC correctly, or if you don't know how to conduct business through it in the right manner, then you might not be protected.

I haven't figured out how to conduct tenant walk thrus and other logistical challenges that presents itself being distantly managed.  

Do I need to have an extra LLC to conduct REO Transaction?

I have conducted a  dry listing to see if I could get interest and was able to 8 applications in 24 hours before I removed the listing at a rate of 700$ per room.

Interest incurred to conduct a business is a deductible business expense. 

Any pointers / advice on how to go about conducting my own research ( such as nationwide indexes, unemployment rates, avg income per capita etc.) would be more than appreciated.Thanks!