I recently put my license on inactive status to focus on my new construction projects.

My husband did most of the work himself around working full time and having 4 kids in activities.

David Tepper“The art of investment is the discipline of inaction in the absence of a good opportunity, but aggressive action when one is identified.”

In my experience it is unlikely that previously inactive heirs will pay past due mortgages, liens and taxes for a small partial interest in the home.  

You need to Google SEC regulations with raising capital from investors for real estate deals.If you buy a smaller property you could do a JV deal with one or two partners but they will have to play in active role if you’re looking for strictly passive investors you have to do an SEC exemption filing.

This tax on Unrelated Business Taxable income (UBTI) is designed to level the playing field for tax-paying businesses and prevent unfair competition from tax-exempts in activities deemed to be commercial enterprises.In real estate, activities that create UBTI include dealer transactions such as flipping and wholesaling, new construction for immediate sale, and services associated real estate such as hotels, short-term rentals, self-storage, and adult care homes.Rent from real property, interest on notes, and the sale of a property or note held over time all generate passive income with no UBTI component.A syndication is not a business simply by the fact that a “business entity” such as a LLC or LLP is used to put the project together.

I have more than enough credit line to cover the 40K rehab, and since I’m in active duty, my APR is 0-6% on my credit cards.

Here is some general info on insuring the property: Here are some things to look for (rather, look out for) from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

I’d love to get these floors back in action!

Being "inactive" means that you can fund the account, but you can't withdraw or invest funds.