In addition to frequency of transactions, the IRS would evaluate whether the activity is executed in a fashion similar to commercial enterprises in the same field.  

I am not sure we can ever agree on the importance of this bill because of that.While I do agree that people who set up a business operation that includes lending should be licensed and regulated, that is a far cry from believing the government should decide that businesses should fail that were previously following the rules and invested in those businesses in good faith that the government would not decide to destroy them.I have no real sympathy for someone who invests in a criminal enterprise who the government puts out of business because they started a business that should have never been started in the first place.

You may not receive a certificate of origin for previously owned homes, because, unlike motor vehicle certificates of title, certificates of origin do not have to be signed over to subsequent purchasers of the manufactured home.

Yes and no depending on your sister in law's desire to run her own business.She may like the thought of you doing all the work and she just enjoys the money you generate for the family business.But if she is up to the challenge,separate businesses would be easier for everyone involved (especially you).Tread softly here though,you really need through property inspections and appraisals from professionals to determine the exact value and current physical condition of each unit .This will prevent hard feelings and potential law suits between the two siblings.Nothing is gonna hurt more than accidentally giving the other party termites and rotten roofs.All properties would need to be repaired and made whole before division of the estate and subsequent sales to the public if desired.

Because I had success in the former doesn't allow me to assume that will be the case for every subsequent claim.

California definitely has this problem.3) Growth / Business friendliness: This is a concept that is tossed around a lot, and often-abused by enterprising politicians.

What guarantees or assurances can you provide the private lender that with each purchase, there are no additional hidden, unrecorded or other liens and title defects that could be discovered subsequently and that could materially erode any initial estimated equity or profit?

I was always told the cell was for your convenience, no one elses.I used to do inside sales at a enterprise IT company and the emails sent between 9-11am and 2-3:30pm got better hits than other times (our guess was the recipients were at their desk and had gone through their inbox already).

Then, without any subsequent offers the house goes into foreclosure, would you still argue you did you fiduciary duty?

Account Closed I can't speak for everybody here, but criticizing a poorly thought out idea and subsequent analogy, doesn't equate to personally attacking you.