I would be very cautious on the rental property-I am not convinced that rental property will not qualify for the new deduction-borrowing from Hedge Fund land -trader vs investor-it is not defined in the code and as alluded to previously trade or business under 162 goes to case law-in financial services one of the items to determine a trader-which is a better tax position (deductions not subject to AGI 2% limitation)-is regular and continuous activity-lots of trading-turning over portfolio multiple times a yearIn Real Estate World-if someone owns 6 or 7 houses and is always involved-think tenants, busted pipes, collection of rent, evictions when necessary-can you say that does not rise to the level of a trade or business-why is a grocery store any differentI have looked around and I don't see any major commentators saying rental wont qualify unless common ownership (I did see the verbiage in the proposed reg and I think there is a different reason that was put it-something about aggregating rental with non-rental activity)Bottom Line-all I am saying is lets wait and see as comments are submitted to Treasury and not rule anything in or out as far as rental properties are concerned 

Reno seems like a good place to WFH since we have many recreational activities (ski/snowboard/hikes), all the typical shopping/stores (whole foods, trader joes, coscto, 3 big malls) and of course nightlife at the casinos.

As for the Charlotte area, one of the reasons I am considering going out of state to some place like OH is that many of the “wholesalers” in the Charlotte area (1 hour radius) are getting greedy and trying to pawn off near retail priced properties (90% of claimed ARV) as deals while demanding cash buyers.

And for doing so, not be called Greedy? 

Lastly, if you have a trader's mentality (frequent buying and selling), your strategy should be different than a buy and hold type investor. 

Several of the world's most talented traders, economists and businessmen try to do it and most fail.

Just remember not to get greedy!

Don't get greedy or silly as you can slip to zero in a heartbeat.  

Walk away and let the family know they can contact you in the future if they get the situation resolved.Family members can become extreamly greedy when money is involved so if you want to avoid a legal battle you must have documentation proving he is compitant if ther eis any doubt at all.I have been involved in a similar situation and even after the seller was confirmed as competent family members hired lawyers to legally challenge his competency and right to sell.

The show American Greed is really entertaining but you have to remember that’s not how all advisors/planners are.