I am in the Miami market so results are expected to vary as well as ordinances pertaining to the use of Airbnb -Pierson

I would be VERY careful about how you proceed, especially as it pertains to the Buyer moving forward with the assumption that you have a deal. 

I'm getting mixed reviews as it pertains to Sheriff Sales.

I think I was confusing Active with Material participation possibly, which I really have no clue how it pertains to me either way since I rely so much on my accountant at this point.  

@Russ Draper I ended up just writing out the numbers as it pertains to his lot and not the entire financing I will get.

What other details pertain to his tax liability?

Clarity on taxes pertaining to house hacking would be nice.

Hello Naeconda,As it pertains to the  the best way to find properties ,there are a diversity of different ways to find properties ,in implementing a plan to purchase properties you need to consider what amount of working capital you have,a good realtor can find you bargains ,you can also use foreclosure .com,realty trac ,these are just a few of the ways you can find bargin properties,you can also use wholesalers as well, you can also buy lists of probate homes as well as homeowners in a deliquentcy status ,as it pertains to your other question about hard money ,capitalinfusiongroup .com has a diversity of programs  for financing inclusive of hard money,we lend in all but a few states.As it pertains to the tax lien issue  most states hold auctions in which the investor can buy a tax lien ,there is what is called an equitable right of redemption period in which the homeowner can pay the taxes before the right of redemption date expires,if the homeowner does not redeem the taxes owed before the due date , the investor then can take possession of the property   

My question pertains to a 401k hardship withdrawal.

As those of you who read it probably know, the book doesn't really pertain to wholesaling as opposed to rehab and buy-and-hold.