Businesses that don't make a profit get flagged for hobby losses....however all of these properties will see income because they are not financed.If I report all on Schedule C, the income will be classified as "ordinary" and I'll have to pay the SE tax...not to mention it will get flagged because I'm not a "real estate professional".  

Its been listed on a well known online local classified site since 2/12 and I've had a steady stream of people calling and coming to see it, and have gotten a handful of applications.

@Justin R.This is the kind of area where you want to sit down and go over the specifics with a qualified CPA or tax attorney.In addition to the specific letter of the law, you need to avoid any "direct or indirect" benefit between a disqualified party and an IRA.Even if a LLC partially owned by you personally was not directly classified as a disqualified party, if your IRA is facilitating the operations of that LLC, there is a potential indirect benefit to you as a member of the LLC.

They are classified as RV's and are illegal to live in because of their small square footage except in a few specific situations like you are farming the land, or building a house, or caring for a sick relative.  

It allows you to classify your contacts however you'd like to define them if I remember correctly.I haven't used Highrise since 2014, but another great thing about Highrise is that you can keep track of deals in the system as well and manage a sales pipeline if you wish.

@Mathew LawWhich is what a slumlord is, search my posts for that term and you'll get a better picture of why real investors don't go there, and it's not all about cash flow.Dealing with any insured lender, be very careful about claiming the use of funds, that is how loans are classified and misleading is a felony.

I used the NOLO California lease template which unfortunately does not classify utilities as additional rent, and it seems that asking for anything besides rent in a 3-Day Notice is not allowed in California.

If you do deals with the same Cash Buyer, how would that not classify the Cash Buyer as your partner?

- Ola Disclaimer: These statements should not be classified as tax advice.

Good contractors we talk to prob have easier projects that are more profitable than ADU I guess  I would not classify these projects as "rare", on the contrary, common.