The closing costs paid for is a nice help too.Talk with your CPA, if he/she is RE savvy, I am sure they he/she will agree.You also have to factor into the distinct posibility that the value will continue to decrease and thus put you in an upside down position making it even harder and credit damaging to get out from under.

In fact, on this site I often see a poster make the distinction between running a business or having a hobby, looking down upon the latter choice.

Albeit, you need to be clear that you're doing it not as the seller's realtor but as an investor/wholesaler.The thing that I found most interesting in the video is that they clearly talk about the distinction between marketing the property and marketing the contract and even go so far as to say that putting out and ad (on Craigslist, for instance) IS legal and that describing the property that is under contract is also allowed. 

The leaves of the Zelkova are divided into many leaflets, each two-three inches long, with a distinctive sawtooth pattern along their edges.

And the reason we use the word to describe such a partnership is to draw a distinction between a simple democracy partnership and a limited partnership.Limited partnerships encroach on SEC regulations.

We also saw homes in two or three distinct Detroit neighborhoods.          

I think its an important distinction to make when describing the differences between your fund and a fund or a stand alone syndication.. and I realize BP rules are such you have to be cautious on your posts..

Here is one definition I copied: "A criminal charge of aiding and abetting or accessory can usually be brought against anyone who helps in the commission of a crime, though legal distinctions vary by state.

Seems like they're just picking up shingles that are falling off and/or removing ones that are loose or about to fall off.To me, thats a huge distinction.

The upside is CFAT (retained earnings) can be retained by the LLC for reinvestment (you could accomplish this as a flow through if there is an agreement that each partner will recontribute a certain percentage of their earnings).In either case, you should draw a distinction between your role as investor and your role as property manager.