And it could fit a unique investor.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Really depends on your goals and individual situation.

All IRA-related transactions must be "arm's length", in other words, IRA can't get involved in any transaction with yourself, your immediate family members or any entities these individuals own or control. 

These are great for experienced flippers who can handle the tight timelines and costs.Private investing usually involves individuals funding your deal, like friends, family, or networking connections.

Each CPA will answer the questions uniquely based on their interpretation of the tax law as well as your specific scenario, so I highly recommend having a trusted CPA answer this for you.

Banks are hungry for loans, but only from a particular set of individuals/entities.

I’ve been digging into the comps to make sure there’s solid data on similar layouts, especially since unique floor plans can be tougher to price accurately.

CPAs generally have more knowledge about general accounting but it is ultimately up to the individual person to take it a step farther to get more specialized.

I love all things real estate, and thrilled to connect with like-minded individuals.