If you are using STR, REPS, or self rental with material participation to convert to active or nonpassive income, you do not have to do this if you have passive business invesment that produce passive income that will exceed the loss generated by depreciation.

It's easy to bite off more than you can chew in this business and that's especially not a good idea for your first deal.

You can request a hardcopy by calling (800) 226-9101 or (850) 488-1122.Include all allegations and supporting evidence, such as photos and timelines.Mail the form to:Department of Business and Professional RegulationDivision of Florida Condominiums, Timeshares and Mobile Homes2601 Blair Stone RoadTallahassee, Florida 32399You can also fax the form to (850) 488-7149.What happens next?

Lenders desperately need/want business especially in this interest rate environment (right now, the main source of mortgage loan business in Florida is rehab financing as a result of the hurricane damages) and one way the big players differentiate themselves is by streamlining the process.

Shaun Shaun,I am a "specialist" and currently a business owner of a design and drafting company in CT. 

If my business owner bank statements did not gain me an approval, I was going to go the hard money route.

. | Better Business Bureau® (bbb.org) What will filing a complaint with the BBB do?

And, again, eventually a strong business model/niche will show its numbers and then everyone will be doing it.

And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

They’ll coach you right into it being your own business that allows you to leave your W2, if that’s your goal.