We definetly would face similiar issues with facebook regarding discrimination issues. 

Real Estate Professional status and Trade/Business are two completely separate issues. 

I believe it is a larger issue than what we define as the economy, which is mostly measured in corporate profits and Wall Street performance, this is not what the average person perceives.

Any taxes or other issues that I may run into down the line?

I am licensed in FL by division of hotels & restaurants and also a licensed RE broker so me holding funds in escrow is not an issue. 

@Shaheen Ahmed maybe look at this in a different way - where are you going to invest where property taxes are NOT an issue?

If you pick a solid property in a good area with good schools, it'll appreciate - it'll be negative cash flow as a long term rental (unless you have some creative strategy or do STR/MTR) and you're less likely to have repair, tenant issues, crime etc.

But is the issue that the 100k you're describing isn't gross rents, its gross revenue?

If your business entity has an accountable plan for business expense reimbursements, make sure to issue the appropriate reimbursements in December.

What happens if you don't get title insurance is not an issue now, but on the sale of that property later.