This is why 100s invest in the mid-westBest   I’ve come to the same conclusion.

Well, I certainly don't know James Hamling's views on most things in life, so I could only make conclusions based on the things he said to me.

And laws can vary a lot from state to state and even in the same state from year to year.Staying on top of the tax law changes for all different entity types (individuals, corporations, partnerships, etc.) is difficult enough for one state, and it's just not possible to do so for dozens of states.Sure, if I am working with a client in Tennessee on a particular issue, I can do my research and come to the right conclusion, but that knowledge won't necessarily be top of mind for me like it would if the client were in California, and there may be planning opportunities that I miss because my TN tax framework I have in my head isn't second nature like my CA tax framework is.Of course, the issues where in-depth state tax knowledge comes in handy typically don't come up when working with your typically BP newbie.Reason 2: networkAlso, a local CPA typically has a network of professionals that they know and trust that you can tap into.For example, as a California CPA, I have a network of lawyers, agents, etc., that I can refer my California clients to.I can't say the same for most other states, although I do have (limited) networks in those states when the needs arise.Conclusion: look in-state for a local tax professional (CPA, EA, etc.) who is knowledgeable about real estate investing, preferably an investor him- or herself.  

DID you DO the analysis to come to the conclusion to send mailers?

For example, you may come to the conclusion that "In 10 years I want to have enough passive income to blah, blah, blah."

No action.The conclusion I'm looking is that you simply can't put your eggs in one basket.

Of course, confirm that, make your own conclusions, talk to your attorney, or whatever. 

(B)Notification of consumer upon conclusion of investigationUpon the conclusion of a national security investigation described in subparagraph (A), or upon the determination that the exception under subparagraph (A) is no longer required for the reasons set forth in such subparagraph, the official exercising the authority in such subparagraph shall provide to the consumer who is the subject of the consumer report with regard to which such finding was made—(i)a copy of such consumer report with any classified information redacted as necessary;(ii)notice of any adverse action which is based, in part, on the consumer report; and(iii)the identification with reasonable specificity of the nature of the investigation for which the consumer report was sought.

But even still that cash can be invested Elsewhere for a much better return. so I guess the conclusion for me is your plan can work, but is it worth the effort and time?

The Court of Appeals is sending the matter back to AREC for AREC to add more details to its findings of fact and conclusions of law to address Stassi’s exemption argument.