Zero activity.I'm now looking to RE-characterize my IRA back into a traditional IRA, to roll it into my 401k and use it that way for my RE purchases.Question is this; recharacterizing a traditional into a Roth triggers a taxable event.

Lord only knows how properties are characterized in long distance turnkey marketing. 

I am not able to get any information from (XYZ) or the prior owners.Can someone help me understand if this property can be characterized as a foreclosed property?

@Justin Windham,I have what I could possible characterize as self-employment activity, but I would not call it clear cut yet.

These markets include cities like Denver, Nashville and Raleigh-Durham and are characterized by above-average population growth, a flourishing economy and a lower cost of living and lower cost to do business than other large metros.

I feel like I should be "rich" not just doing "OK" which is how I would characterize everything now.So my question to the community is: Short of selling everything, what do you guys recommend I do?

When I contacted DRS they claimed I would be characterized as a building contractor.

@Ned CareyYour characterization of UDFI as a high tax that negates the benefits of using leverage in an IRA is simply not accurate.  

If the two brothers are as shyster-y as you characterize them to be, I don't know how much good @Andrew Boettcher's strategy would be, although it is well intended. 

Preservation of Tax AttributesThe tax attributes of the deferred gain are preserved throughout the deferral period and characterize the gain included in income on a trigger event.