So I can completely surrender the homeowners insurance right? 

They claim the repairs were done and that the properties were worth more at the time of purchase but that the area has deteriorated since then.Any help on this subject would be greatly appreciated!

I'm sure they also told you their systems will protect against aggressive attorneys and creditors and make you invisible so nobody will ever dare file a claim against you...it's all a money grab.If you are a sole proprietor I am putting my money on the fact a single member LLC in the state in which you live/own real estate will suffice.

If you work 40 - 50 hours a week in a full-time W-2 job I'm not sure how this would create a conflict with claiming that you meet the 500-hour material participation rule provided you are completing the hours that count toward material participation. 

If someone has been assigned, why would it take more than 2 months for them to complete the return?

This is a fantastic answer and I agree completely.

And once I finish the due diligence, my work is done: it's completely passive.

There are definitely risks that will be completely outside of the auction house.

Just completed my first booking.com guest.

The rehab was complete, and we were ready to refinance when disaster struck—a car crashed into the property the week we were scheduled to refinance.