,i saw people putting exterior carpet (no pad) in "flood-able" basement . maybe check after a big convention.... they almost give it for freesince you have kids, they are some rubber/plastic tiles (resembles the kids interlocking puzzles, but better quality/thicker) in case you need some thermal isolation

You are posting about a company in Chicago that does not even resemble my families company in terms of size, service or delivery and you suggest that their bankruptcy is something that the original poster should consider when doing due diligence on Memphis Invest.  

@Traver FreemanForemost, I admire your spirit of inquiry; a curious person like you will do well in any endeavor that they chose to undertake.It's similar to the trait of dedication that @Kevin Yoo and @Jay Hinrichs share in giving you their experiences.My experience resembles that of @Carlos Hernandez as a Bay Area investor looking out of state and realizing that cheaper markets are not truly "passive". 

I have lived in Northern California all my life, and right now seems to be very difficult to make anything resembling good cash flow.

Your argument is: there's no specific code section or regulation that resembles this exact fact pattern therefore it's not taxable. 

And is the exit strategy down the road anything that resembles selling a SFR?

I know that I've got a lot to learn though, so I'm open to opportunities that get that ball rolling (excluding anything remotely resembling MLM).

“We want a good place for people to live and be proud of,” he said.Cheves told the City Council he didn’t have a price range for the homes, but that homes would resemble those at The Cliffs in Asheville, which he developed.Cheves also didn’t say at the hearing the size of the homes he intends to build in Catawba Village.At a continuation of the public hearing on Dec. 18, Cheves’ engineer Leonard Fletcher of Shelby said Catawba Village homes would cost $300,000 or $400,000, and apartments would rent for about $1,500.Kings Mountain Mayor Scott Neisler touted the proposed development at the hearing.

I have a severe allergy to anything that even resembles MLM.

I took stagecraft, African drumming, the history of music, and many more just to get "credits" And no, my major did not involve anything that resembles these classes in anyway shape or form.