If you qualify as a "trader/dealer," status you may be subject to self employment tax as well so I would consult with your tax advisor regarding the day trading activities.However on the lending end we generally can only use income for qualification purposes if its considered consistent and likely to reoccur.Message me if you had additional questions or specifics.

Hello all,I'm hoping someone can offer some insight into my current situation.A few days ago a friendly gentleman offered me his business card at my place of employment, saying he is looking for someone like me with strong social skills.

If you flip, you may want to consider an S corp because you avoid the self-employment tax... however, as @Barry M. mentioned above, you can set up an LLC and then elect S corp status for tax purposes.

We did a hotel deal that was finalized in getting a commitment on the phone in probably about 30 minutes, but: That isn't done by just anyone unless you name is Walton or Gates or Buffet or other very wealthy folks, where you might have some opportunity or cause and the investor(s) have knowledge of your offering, your reputation, your abilities to perform and where that fund raiser has the financial expertise and social skills to carry off such a commitment.

Also, get a signed and notarized statement from each tenant detailing their current status, whether a lease exists, when it expires, who pays what utilities, their move in date, the deposit amount they gave the landlord and the current rent they pay and any and all discounts they currently receive.

If caught , you may lose your non conforming status , All work will have to be done without a permit . the government could sue you or fine you , IF they catch you .

One of the podcasts I listen to regularly, the host has a social media training that he provides and he has said that 90% of the people that send him the $70 for that course never even log into it once...

I'd do a public records search and you can figure out that status pretty quick.

For those of you who renovate and rent and advertise on social media sites, personal websites, etc., do you show before and after pictures or simply the newly renovated property?

The begin to promote all the free ads, posts, forums, directories, social media, etc.This will allow you to setup a foundation for an Internet presence without breaking your wallet.