Do not do repairs to code.

Based out of Manassas, VA here :) The 750-hour rule is part of the IRS guidelines for qualifying as a real estate professional under Section 469 of the Internal Revenue Code.

Would definitely check local zoning / code enforcement laws as well.  

Those effected go well beyond the property owners, the economic contribution of RE and subsequent economic loss in the form of: management, maintenance, landscaping, caretaking, hospitality, tourism, contracting, designing, pools and gardening is economically catastrophic and will reverberate well beyond specific zip codes.

After the meetings the group would sometimes after-party at a bar nearby and I would go to those too.

As a result of being federally charged with these crimes, you may face monetary fines, penalties, prison time and other consequences of Equity Skimming.Equity Skimming and related penalties of sentencing are detailed in 12 United States Code USC Section 1715Z-19.

Sometimes, landlords can find student renters for locations that are further away from the school by targeting niche's like graduate students (who are less inclined to be near the bars and noise).

He actually does have some valuable lessons to be shared.I wonder if he will be one of those guys running a business behind bars - it happens.Or, maybe he will not see bars and end up back on tv as a guru???

However, eviction must be by cause (i.e. you can never evict without a justifiable reason - so more or less you are stuck with a tenant unless they stop paying rent or breach their lease, or some other narrow units such as moving in or curing code violations - though then you have to pay relocation costs).

These are professionals with additional training and a stricter code of ethics.