—Subsection (a) of section 408, as21 amended by the preceding provisions of this Act, is amend22 ed by adding at the end the following new paragraph:23 ‘‘(8) No part of the trust funds will be invested24 in a corporation, partnership or other unincor25 porated enterprise, or trust or estate if—Pg. 6941 ‘‘(A) in the case of an entity with respect2 to which interests described in clause (i), (ii), or3 (iii) are not readily tradable on an securities4 market, 10 percent or more of—5 ‘‘(i) the combined voting power of all6 classes of stock entitled to vote or the total7 value of shares of all classes of stock of8 such corporation,9 ‘‘(ii) the capital interest or profits in10 terest of such partnership or enterprise, or11 ‘‘(iii) the beneficial interest of such12 trust or estate,13 is owned (directly or indirectly) or held by the14 individual on whose behalf the trust is main15 tained, or16 ‘‘(B) the individual on whose behalf the17 trust is maintained is an officer or director (or18 an individual having powers or responsibilities19 similar to officers or directors) of such corpora20 tion, partnership, or other unincorporated en21 terprise.22 For purposes of subparagraph (A), the constructive23 ownership rules of paragraphs (4) and (5) of section24 4975(e) shall apply, and any asset or interest heldPage 6951 by the trust shall be treated as held by the indi2 vidual described in such subparagraph.’’.

., (1964) 42 TC 1067.The Supreme Court has explained that the distinction between co-owners of property and partners depends on whether they intend to and, in fact, join together for the present conduct of an undertaking or enterprise-The following factors are often cited as evidence of this intent:The agreement of the parties and their conduct in executing its terms;The contributions, if any, that each party makes to the venture;Control over income and capital and the right of each party to make withdrawals;Whether the parties are co-proprietors who share in net profits and have an obligation to share losses;Whether business was conducted in the joint names of the parties;Whether the parties held themselves out as joint venturers; andWhether separate books of account were maintained for the venture.The court held that the co-ownership arrangement constituted a partnership for federal tax purposes.

As for the Appraisal Institute, from their "there's bias everywhere" article, [...]a recent study by the American Enterprise Institute found that "appraiser racial bias on refinance loans is uncommon and not systemic." 

But they aren't lenders, they are government-sponsored enterprises.

A partnership should start with the question of who is on the risk in case the enterprise goes south. 

It's aaaaaaaaal going to come down to how you report your income on your taxes.For example if there was "Sanita Dubica Enterprises" that filed Sch C sole prop, with all of the 'freelance' income shoved into it, going back a couple years, that would be the best. 

Yardi Voyager was way too expensive/enterprise for us...

My taxable income does not exceed the limit around $200k. 1.Separate books and records are maintained to reflect income and expenses for each rental real estate enterprise;2.250 or more hours of rental services are performed per year with respect to the rental enterprise; and3.The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, regarding the following: (i) hours of all services performed; (ii) description of all services performed; (iii) dates on which such services were performed; and (iv) who performed the services.

“During your employment and for two years after your employment ends for whatever reason, you will not own, manage, operate, be employed by or under contract with, participate in, consult with, or render services to, any enterprise or entity on behalf of which would result in your competing with any business engaged in by Company or its Affiliates as of the date of Employee's termination, that is located or does business within Alamance, Cabarrus, Catawba, Caswell, Chatham, Davidson, Davie, Durham, Forsyth, Gaston, Guilford, Harnett, Iredell, Johnston, Lee, Lincoln, Mecklenburg, Moore, Orange, Person, Randolph, Rowan, Rockingham, Stokes, Surry, Union or Wake Counties, all in the State of North Carolina, or Lancaster or York Counties, both in the State of South Carolina.

Profits stay in the private sector.Is this how a free-ish market enterprise economy is supposed to work, with the gov't competing with the private sector, while retaining market advantages for themselves?