They said I would have to become an insured contractor(I have no idea what this entails). 

In other areas, we are starting to see automated cashiers, drone usage, and eventually automated driving.We don't know what tax reform will entail yet as it hasn't it started to develop through Congress yet. 

I'm hoping to be where you are in the next couple of months. what did the deal entail?

You have to really analyze where the project could go bad and have contingencies in place in case you run up against them - i.e. the house doesn't sell, you have unexpected costs during projects, what the SOW of the project will entail, what your marketing costs are (his wife as an agent will help minimize these costs), what if something unforeseen happens and you cant finish project, whos name the house will be under, and that might determine who will be able to pull permits if needed, etc.Anyway, you should spend A LOT of time going over "what ifs" and sit down with your attorney and pound out these details.

I am actually OK renting to students and prepared for what that entails.  

I'm getting ready to write my 1 year post this month which entails of 1 SFR and a 19 unit apartment complex and I honestly couldn't have done it without the BP family. 

I'm not exactly sure what it all entails, but I will do more research on this.I appreciate all the answers guys. 

Does anyone know what this will entail?

"It needs to appear on tax returns" is a nonsensical thing we frequently read/hear, and it's nonsensical because the requirement would often entail magical science fiction time travel.

Always do the math analysis and try to look at your prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (10 to 15 days) to make a entailed inspection of the subject property and possibly back out of the deal without a penalty that hurts you too much.Do not cut any corners on your evaluations to make them look better on paper but not in reality.