For us, we have insurance on it and found it easier to keep in the trust vs. llc and have to deal with state filings etc. 

There is so much MORE work involved as opposed to buying a fixer-upper and rehabbing that!

Anything involving a service animal and ADA should be directly consulting an attorney on the matter as every case is different. 

According to the agent involved in the deal, they think I can get these numbers...

Because buying a house in excellent condition and then totally changing the layout can be expensive, especially if it's involving load supporting walls. 

all are new constructions and I don't know how she is gonna be able to find 750h of work to do in these new construction houses.Any help appreciated Good questions, first the IRS requirements to meet Real Estate Professional Status (REPS) are: > 50 percent of his/her time working in real property businesses; AND, 750 hours of service during the year ANDAt least %5 ownerIf married filing jointly, one spouse must meet 750 hour requirement on their own.

The lender rep or broker you are working with should be able to walk you through each step so you have a firm understanding of what has to happen in order to get your file to closing. 

Recently over 165 lawsuits were filed in Chicago against small landlords who declined Section 8 tenants.

I doubt 10% of the GRM will equal enough to where an S filing status makes sense.The home office and such is nominal so that alone isn’t worth doing this.

If over that amount, she must file a gift tax return, though no tax is owed unless her lifetime exemption is exceeded.