It costs a little more but our fee is "hidden" Of course if the people want to see the original price it is public info on the county auditors website.However, most investors are fine with the fee as they are getting a deal brought to them as opposed to having to find their own deals.I find that only owner occupants and/or first time investors might be leary of the assignment fee.

AND I got Audited but it last 30 minutes I did not even go my accountant just showed the auditor all my activity in the bizz and I was good to go...

Possibilities to audit or investigate are really too vast to post, even by Dion (LOL).

Katherine,You were right, the DoL was very helpful.I spoke with an auditor about having a real estate firm and a physical office or records depository.

Like a lot of IRS policies, it is not cut in stone either as to who's actually in business and who is not, they have a list of criteria to look at and from there, it is really up to the auditor in charge of your audit (if you're unlucky enough to get one!)

I am currently a CPA (auditor) in the Los Angeles area.I've been listening to a lot of the podcasts.

Having a rehab business with a resale license will invite auditors from local jurisdictions as well.  

I don't consider accounting my profession, I'm more of a finance and compliance type, auditor/examiner that requires an accounting education, tax folks are out own their own, I have no dog in that show. :) 

Hi,I am looking to get more active in real estate - goal is to get to $25,000 to $35,000 in additional rental earnings per year in the next two years to allow me to quit my day job.I live in the Washington, DC area and work as an internal auditor. 

I looked on my county auditors site and sent personalized letters to every owner that had a property that I was interested in.