Steve,how often have you see on audits in classifying yourself as a real estate professional and taking beyond the $25,000 cap in real estate losses against in your income?

My accountant tells me to classify the fees for my rental licenses as a tax in my QuickBooks - I don't know where he puts it on the return, but I think he wants it as a tax because that is where he is deducting it.

Regardless of the function, the classification, or how it is classified by third parties, including financing, I would only do so if and when that specific commercial investment produced yields to my satisfaction, nothing more glamorous than that.

I'm just starting with the free online marketing, and just this week posted my first ads to Backpage, EBay Classifieds & Craigslist.

Department of Justice (DOJ) have established two training requirements in order for a dog to meet the definition of service animal:The service animal must be individually trained to perform tasks or work for the benefit of an individual with a disability.The service animal must be trained to behave properly in places of public accommodation.According to the ADA's definition, an animal that has not been individually trained to perform disability-mitigating tasks does not qualify as a service animal.Despite a label of "companion animal," "emotional support animal," or "therapy animal," if a dog or miniature horse does not have a high level of task training directly related to alleviating the handler's disability, they are not classified as a service animal; thus, their handlers do not legally qualify for public access rights.http://fcsn.org/newsline/v31n4/regulations.phpWell I think that about sums it up, though you may want to pull the actual regs on it and have them handy just in case.

The property itself is probably still classified as vacant land - and would be valued as such.

I don't think I am classified as a dealer, since I do way more rental business than reselling.

Market your properties through Craigslist and other FREE classified sites and you get a ton more bang for the buck.

people can call it analysis paralysis, but i recommend anyone, especially those that have absolutely no background in business or real estate - to take 6 to 9 months, joining a club, reading through the legal notices, classifieds, talking to realtors, calling local municipal offices, reading, listening to CD's, visiting websites, going to free business seminars and just learning the important stuff likethe lingotitle insurance and title - and how it worksappraisalspermitscode enforcementcontracting - the dark side of how it can eat all of your profitscommissions - how it can eat up all your profitslegal - how attorneys don't really give you the time of day and just how pompous most arerealtors - how little most know and how to find a good one or twocoffee - if you don't drink it now - startsmoking - if you don't smoke now - go buy your first pack!

I actually found did my first few deals off of call ins from bandit signsCraigslist, Backpage, Ebay Classifieds: I post FSBO on these sites.