I listen to all of the Webinars that Airbnb invites me to. 

its genius really.. most bird dogs work for locals on a performance basis and don't have to pay the investor to bring them deals.. 

What do you and they want, we could tell you all day go opt 1, 2 or 3..

Welcome to BiggerPockets, Derick! 

You just need to have more reserves set aside compared to a single family.

@Julie Doke: Industry specific software speaks to you and you can easily relate it to your day to day process.

They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains. 

And to Lynnette, no, "Renewable energy is very expensive to develop."

Then I put about $45,000 in fixing it up and I expect the appraisal to come back within the next couple of days at $240,000 or higher. 

I am not there yet, and hope to not have to go that route, but would be good to know all of my options.