That is the true value of participating in things like this that are a bit more involved. 

Most of the easy "lipstick on a pig" transformations are gone - you're often looking at more serious rehabs to make the numbers work.That said, we do have some advantages: strong rental market (lots of students, young professionals), still relatively affordable deals, and good appreciation potential in many neighborhoods.

Spend more than half of your total working hours in an RE business in which you materially participate.2.

Or you can do a participant loan from it and purchase outright or combined with financing.

For STRs, material participation rules apply, and STR income is treated as non-passive, allowing losses to offset active income.This post does not create a CPA-Client relationship.

Only eight or so have participated in Section 8 housing—and every one of them lost money and quit after the first year.

I was a student with these guys for 2 months, yeah, I actually signed up, Curtis sold the heck out of the program to me.

Assuming this is in fact a good deal, and your friend is a qualified GC, instead of trying to be the lead investor, he should be searching for someone who has the balance sheet to take down this deal on their and be a transactional participant.

You'll want to be clear on the IRS rule for material participation if you do decided to switch to property manager. 

Hello,I was wondering if anyone has participated in the Philadelphia tax foreclosure auction recently and how long it has taken you to receive the deed?