Now all i need to do is call back my attorney ;)Nice to have disscusion with a conclusion. 

and came to the conclusion that I would probably pass on more deals than I tried to do.

It took them MONTHS to come to this conclusion, after making me provide them with all my information, only 2-3 days before the closing.Let us know how it goes, but I have lost a lot of confidence in banks lately!

So I guess the conclusion is that most buyer's agents are not very good, unless and until the buyer aligns the agents interest most fully with the buyer, usually with a bonus on top of the commission.

As far as I understand, there is no conclusive victory for either side, but the IRS is feeling confident in their position, although I was not following the developments lately.

The conclusion that I now see is as follows: The major problem would be in a fair distribution of profits.

I appreciate the insights and have come to the same conclusion. 

After exhaustive research and reading on BP, I came to the conclusion that sourcing my own off market properties was the ONLY way, IMO, to make significant money both short and long term and to stay in my local market instead of buying midwest properties that will never appreciate, not to mention the distance issues. lets compare to buying turnkey shall we?  

You can look at past sales on public records, then back calculate and see what conclusions you can draw from those trends.

A bowl of soggy Cheerios and an overripe banana.