Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

I have a Master's in RE from Johns Hopkins and in my day job I'm an international Realty Specialist.I have done about 10 flips over the years, rolling the money into bigger projects via 1031 exchanges.

Have you thought about "interning" at a real estate office until you turn 18 and then getting your real estate license ?

It's not uncommon for rentals in Rochester to be owned by out of state or international investors. 

Everything "looks" nice but internally just doesn't function properly.

I didn't enjoy competing with her.After 10 months, I decided to go solo and work under the license of a coach I had retained.Several months later, my internal entrepreneur got the better of me and I opened my own brokerage - Clear Sailing Realty, LLC (Where our tag line says it all: It's Clear Sailing.....all the way Home)We're designed to be a low cost, low friction brokerage both for clients and agents. 

Freddie/Fannie issues come up as well, primarily when PMI is involved, so you need to stay up to date on PMI guidelines if doing short term flips, many of them have NO WAY in 90 days rule, and 90-180 days a 2 Appraisal rule, and it doesnt stop at the PMI company, some Lenders have their own internal set of guidelines on this, so one bank may be able to do it and another cant using the same secondary financing, the funny part is most loan officers have no clue what you are talking about when you try to cove this on the front end.

The poor butt-hurt person you sent your letter to was not in their right mind about this, they have probably been victim to scams in the past or thought you were a South African prince in need of money.When at the Rip-Off Report website you can file a rebuttal or request a VIP Arbitration (starts about $2000.00) the information is all on the ROR website and in about 30 seconds you can resolve this...

You can now get referral fees not only domestically but internationally now.

Since you already have your RE License,  you could try and specialize in some Commercial Properties, which in tern could give you an in on some good opportunities.