We have 8 business entities availing of their services, and as "advisors", they should make business life easier -- not add more work on your plate --- but instead, my team and I have been checking for mistakes, or following up on action items, missed deadlines, and paying penalties to the IRS and Secretaries of State due to their negligence.

This involves working backward from the final aim to determine the steps.

Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods. 

Will the capital gains in this scenario be considered passive income from an IRS perspective ?

You have to follow the interest tracing rules to determine the deductibility of interest.

It may be out of state, so you will have to determine if that is something you are willing to explore.It isn't always cut and dry as some suggest. 

This means, when conventional loans aren’t an option, you may still be able to get an FHA loan.The first step is to connect with a lender who can help you explore your options and determine if you qualify.2.

In any disputed court action where the court resolves the dispute and determines the prevailing party, the court shall also award to the prevailing party its reasonable attorneys’ fees and costs and the non-prevailing party shall be liable to the prevailing party for payment of any court awarded attorneys’ fees and costs.

Here's how to handle your situation for tax purposes based on IRS guidelines:1.

With that being said if you’re bound and determined to get a degree, get a degree that you make good money with…  One guy on the forum is an attorney that appears to have a mountain of confidence,  he’s an attorney, and it appears that he’s actually tearing up real estate..