I guess you've never heard of derivatives.

And income derived from any other state is taxed in the state you live.. although rentals as we know has very little taxable income. 

@Eric SchwakeWhen an IRA uses leverage, the percentage of the income derived from the non-IRA (borrowed) money is taxed as Unrelated Debt-Financed Income, or UDFI

Every single person I've encountered burns out quicker and we can derive no income from it.

Financing is different as well as the way the value is derived in an appraisal. 

I am certain that you will be tempted to violate the rules in the future by providing some goods or services personally to the IRA or deriving personal benefit from the IRA because of the fact that you and your IRA own two adjoining lots.

-Jacob Not a big deal, but what comes up is that typically you cannot use rent derived from your departing primary residence to qualify.

The distinction of Real Estate professional is deriving your income from spending more than xxx hours working in the Real Estate profession.

What lenders are doing is in fact forcing appraisers to use comps that are at times inappropriate for comparison purposes, then making a huge number of adjustments to derive a value.

I am fairly new to Real Estate but no stranger to cashflow, crunching numbers (spreadsheet whore), and observing markets - Derivatives background.Honestly speaking, it took me a while to find a forum as good as this one so kudos to all involved.My interest in real estate is cash flow (buy and hold) and architectural style, which brings me to almost any brick building (federal style, art deco, chicago etc...) and heavy use of wood trim.