Great conversation, thank you all for your tips!  

Regardless, you sort of need to take two steps at once: A) talk with an attorney to understand your options and nuances of those options and B) start having conversations with people you might think would invest with you to understand if there is any real interest, what they are looking for and if you can realistically offer that to them with what you are doing.Once you have that, then you need to understand underwriting with investor capital, proper fees and profit splits, taxes, reporting, etc.

You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!

Let's start with a quick history lesson, is a conversation about affordable housing any more relevant than the day a terrible CPI report driving Shelter Costs is released?

that the BP forum may have for me moving forward with my basement conversion project would be great for me and anyone else with the same question here on the forum. 

The tax code defines a real property trade or business activity as “any real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage trade or business.”2. 750 Hour TestYou must spend more than 750 hours participating in real estate business activities during the tax year.

I just wanted to plug myself into this conversation as I am also looking into investing in the SA market.

You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!

Since it requires a more in-depth conversation, it is always better to be prepared than surprised!

Conversely, you will run into people on your list that just seem to be a waste of time, so you’ll want to avoid them.