The more engaged the contractor or investor is throughout the process, the better it will turn out.

Your passive real estate returns (if you did not engage in real estate as a business) would not come close to matching the active returns you are able to make as a successful commercial real estate broker.P.S.

If he is asking you these questions he is A) trying to help sell your offer, B) try to learn more about what you like or dislike about a given property which may help on the next, or C) trying to engage in a discussion about how your offer may be unrealistic. 

Miles, welcome to BP, and you are doing the right thing..... read,read,read, and dont forget to reach out and ask questions and engage with the community, this place is truly awesome and bursting with info on investing...

Do alot of reading, take notes, watch the webinars and podcasts when you have time..... and dont hesitate to reach out to people and ask questions or engage in conversation. were all here for similar reasons.

So, your applicant is engaged in tax evasion and has an eviction. 

Thanks to everyone for their contributions and looking forward to engaging with you. 

Send me a PM if you have specific questions, happy to answer questions regarding the entitlement side once you have it under contract and start to engage the city.

I realize I never formally introduced myself after engaging with many of you and getting a warm welcome and lots of great advice!

Individual taxpayers who are not engaged in a trade or business but are investigating the potential creation of a new business should consider forming an S corporation to facilitate and conduct all the activities related to the investigation.