I think I answered my own question when I found the information below, but feel free to add any important information that is missing...If you invest in real estate but do not qualify as a "real estate professional" , you are limited to a maximum annual $25,000 realty investment property loss deduction against their ordinary taxable income.

He wrote another great book called Ordinary People-Extraordinary Wealth.

The lien should divest with proper notice since this is a lien that has to get in line by time like any other ordinary lien.

Expensive to set up, about $3K, but then you can move very quickly.If you have an ordinary IRA, not a Roth, you will be subject to UBIT.

It needs some beutifying but nothing out of the ordinary, for the time being.

All income would be taxed as ordinary income.I would review your plans with a good CPA and look at ways to structure your business to minimize taxes.

If something out of the ordinary is noticed, yes they may recommend to bring in a qualified contractor for that particular system for a more exentive inspection/recommendation for repair.

Some times clients will prefer to leave commissions in the 1031 of a sale and not take a commission so more funds can remain tax deferred since commissions are ordinary income.

Walgreens may buy a chunk of land and build a store, but they will then sell that to an ordinary person, or maybe some company.Developing is not investing.

I will say getting a random FB message is sort of out of the ordinary but these days I think people are way more receptive to it.