Is this legal?

I wanted to get some insight from others on if this is true since I can't find a good answer on the IRS website, and if it is true why does anyone want to gain real estate professional status?

I believe this model is archaic and motivates/unmotivates the wrong behaviors. 

If a large investment company wins an auction, SB1079 typically gives you the chance to step in and match the bid within 40+ days.Check your local treasurer and tax collector’s websites—they usually list upcoming online and in-person foreclosure auctions.Hope this helps! 

I suppose this could be a sign! 

Quote from @Mike Romano:Is this something that was not disclosed?

This house at 35 Picardy Pl is 5/2 for $2700 asking 325900 is an above-average area. 

View report*This link comes directly from our calculators, based on information input by the member who posted.I’m considering purchasing two investment condos to help pay for my children’s college tuition in 13 to 15 years.

We can afford this, but getting a new loan at ~6.5%+ wouldn't be doable. 

I am interested in talking to someone about the process of funding via DSCR the acquisition of a property currently being run as a PadSplit.