The Gov't has zero business being involved in business profits.

Not only do you have more flexibility, but you have another set of eyes on the deal, and you won't have to deal with the risk/huge changes to your personal credit. 

Aquisition:We found this deal on a wholesalers website who we keep an eye on.

If you can lower your risk by getting a set of experienced eyes on the property perhaps you can waive inspections with confidence. 

I live in La Crosse, WI but have been eye-ing other Midwest states too.  

Exclusions.Certain work, such as time spent as an investor reviewing financial statements or participating in management decisions without active involvement, may not count towards the 750-hour requirement.As always, talk to your CPA to make sure that you meet the criteria above.If you do, there are many helpful benefits to you.

@Emilie PaThe answer may be a bit more involved than you're aware, depending on if your language of the company "selling" to you is correct, or whether the company is dissolving and distributing its assets to the shareholder. 

I live out of the area so it’s harder for me to get my eyes on the exact situation. 

Wanted to get involved in a community such as BP and start to talk and meet like minded people.

Would my wife have to be involved if I'm not on the mortgage.