For example, if the loan officer asks you what your monthly payments are and your mother-in-law moved in with you because she is struggling financially and you are paying her car payment, don't share that you are paying her car payment every month.

I do not live within the city limits.

They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains. 

Before doing that, get numbers from a few contractors first  

How about yourself what's one goal you want to accomplish? 

It will familiarize you with the basic terminology and benefits.

I have a house three hours away and once a quarter I do the 3 hour drive, I'm there a couple hours, meet some good friends for lunch and drive back... it's a nice day!

If times get financially difficult will people stop eating or will they stop going to the doctor (unless its an emergency)?

Do the joint venture deals rather than syndication to get started.

And yes, I understand that they do not have to notify us if the note is bought out.