What is the residency status of the non-US people?

I want to know if this type of business qualifies as a “real estate professional” status.

I'm not an expert on the loan part of your question, but as far as the permit status goes, I do have ample experience.

Violating these rules can lead to severe IRS penalties, including disqualification of the tax-advantaged status of your retirement account.Each self-directed retirement account must have sufficient funds to cover all property-related expenses, as you cannot personally pay these expenses.

Be sure to check local rules and your building's status before proceeding to avoid fines or penalties.

**Verify Employment and Income Directly**: Since they might lack a U.S. credit score, contacting their employer directly can help verify their job status and salary.

So these developers taking 2-4 units and converting them to SFH are just bringing the property into conforming status.

If you believe there’s room to boost occupancy and rates, aiming for top-performer status could potentially net you an extra $1,000 in monthly cash flow, though it would take careful management.Pros:Potential for higher income if you can boost occupancy/rates.Short-term flexibility with potential tax benefits (depreciation, etc.).Cons:Risky if you can’t significantly improve revenue.Requires time, effort, and expense for marketing and management.2.

I've noticed that the discounts tend to be pretty decent when compared to the actual cost of renovation (not flipping status, just better in general).3.

I don't know what the deal is with immigration status, being a Canadian, and trying to obtain citizenship and a SSN.