As stated on their gov website: “FHFA is responsible for the overall management of Fannie Mae and Freddie Mac and has informed the Enterprises which decision-making functions should be performed by the Enterprises' boards of directors and/or management teams.

Scraped and built scrapers for easily 300 county rerocrders/courts/notice websites across the USABiggest hurdles are Limited access to information because of search parameters i.e only being able to search a single name/case number at a time and where/how do you generate them to search in the first place.Limited info provided from the diff records/courts/departments  search results.

Revenue is from display ads on the website. 

You can also try building your own website and get very good at seo or ppc in order for the homeowners to reach out to you. 

I've got a basement unit which has adequate ceiling height, lighting, egress, kitchen, bath and bedroom with light and closet.

Quote from @Michael Turner: here is their website - https://www.lurin.com/thanks in advance -  I did a quick check about the company and it passed the initial sniff test.

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?

learn to use a tool which gets data from a wider spectrum of websites.

The website isn’t very helpful.

Required good credit, adequate reserves, full doc commercial loan with a personal guarantee.