Once you build it correctly, you can offer it to other investors as a service.

Was I correct in my statement?"...

I can’t r ember where the link is to lists but if you google it it should come up on hud.gov somewhereThat’s correct.

Don't expect to agree with everything he says and be aware that no one is always correct. 

I'm going off the understanding that you still need to spend 500+ hours in the business to achieve material participation (please correct me if I'm wrong). 

However, a simple security system would deter this.Personal Safety -  I assume you are using their ID to run a background check and deciding if their history affects your safety, correct?

Is that a correct assessment?

I ended up having to pay for their tax preparer’s time to (finally) meet with me and make corrections.

I have used KBKG in the past but I currently use DIY cost segs, https://diycostseg.com/who-we-...I like them better than KBKG because if you make a mistake you can correct it.

If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly.