I got lost about half way through. paragraph ˈperəˌɡraf/nounnoun: paragraph; plural noun: paragraphs1. a distinct section of a piece of writing, usually dealing with a single theme and indicated by a new line, indentation, or numbering.synonyms:section, subdivision, part, subsection, division, portion, segment, passageMore"the concluding paragraph" report, article, item, sidebar, piece, write-up, mention"a paragraph in the newspaper" verbverb: paragraph; 3rd person present: paragraphs; past tense: paragraphed; past participle: paragraphed; gerund or present participle: paragraphing1. arrange (a piece of writing) in paragraphs.

@Saran MandhadapuThe reason it needs to be an S-corp is that the sale has to be between two distinctly separate entities, each one filing its own tax return. 

The distinction is based on how your management decissions translates to your biottom line.   

I don’t know who this guy is but based on this thread, he sounds like a troll.Point I want to make is that there is a DISTINCT difference between a private money lender and a hard money lender.

The de minimis safe harbor rules (deducting tangible property costing $2,500 or less, $5,000 or less with an applicable financial statement) don't make a distinction between units being currently rented or under renovation as far as I know.

You know full well there is a distinct difference between doubling cash flow and buying cash flow.

Note that "bird dog"-ing is illegal in some states, including Illinois.Wholesaling of real estate is considered illegal by the courts in some states where the distinction between marketing a contract and marketing a property has been blurred by the wholesaler's marketing tactics.

That is a somewhat important distinction from what most people consider a "conventional" loan because it will be at less favorable rate and terms than a 1st.

But homestead/non-homestead is an important distinction, also if agricultural use or not....all factoring into a homeowner's right of redemption.

If you have investors, I’d suggest starting a separate and distinct QB file for each note.