I didn't mean to imply they were all the same, just to provide a little caution. 

If he is already a beneficiary, and he receives losses from the trust via K-1 - then he might be able to qualify for RE Pro due to his extensive involvement in his trustee's role.However, if Person B is not a beneficiary himself, but the actual beneficiary is his irrevocable trust (which you seemingly implied) - then the whole thing is out.

This is mostly going to be catered to horse trainers that offer lessons to the general public, but someone could also rent it out just for their horses. 

Duane finer and real estate trainers I would recommend .

This implies that the other personal versions of TurboTax have a limit on the number of properties that can be imported from personal financial software packages.

I'm certainly not implying this is the case with all properties, just what I've seen in our saturated market, as a manager and agent.

So, to get 20% total return when projecting no appreciation implies the COC is fairly close to 20%.Why so high? 

There were banks (First Republic being one) that were quoting 50bps under the implied rates however it came with a few stipulations on deposits. 

I invite you to come out to the next MAREI meeting, we have a trainer who will be talking about wholesaling.The only way I know of to really get started is to actually get training on the basics and that's what we are doing at MAREI in April.

Tax Court: Despite the IRS’s ATG notes, the Court in Tax Court Memo 1998-17 (Pohoksi) implied that they would entertain proof that the taxpayer substantially participated as compared to the participation of a property management company.