A couple clarifications: - First, to be considered a Real Estate Professional, you must have BOTH a minimum of 750 hours in real property trades or businesses in which you materially participated AND spend more time on qualified activities than any other venture/job (not either/or); - Second, being a real estate agent, handyman, mortgage broker, etc generally does NOT count toward real estate professional status.

Consequently, it seems that most REI investors wisely choose to spend their time on things over which they can exercise some control.

Because of this I'm clueless except for the home I built for my family.Everybody in my family tree is in the trades including home builders.

Key criteria, in my opinion, should be -1) Stable government & non-corrupt officials - carribean tax havens with glittering opportunities and such, often turn to an investors graveyard, as the government, police or local influentials can make your property (and visa, and permission to enter or trade in the country) disappear in a single phone call.

The LLC only has one trade line because the owner does not know how to build Bushiness Credibility.

It's a trade off.

You can call it whatever you want, but in the end, it's lying, deception, and fraud, with legal consequences.

I'd love to get your knowledge.Studying is great (feel free to check out my website if you're interested in rehabbing), but eventually you'll need to get out there and gain some real-world experience...and you're going to need to devote some time to that...When you're ready to start getting real-world experience, I highly recommend finding a successful investor doing whatever it is you want to do, and offer to work for him/her for free for 6 months -- even if it means getting coffee, doing errands or whatever -- in return for them training/teaching you.People think it's perfectly reasonable to go to school for many years to learn the ins and outs of their trade/career, yet can't seem to fathom spending 6 months devoting their time interning for free to gain real world experience.

When you settle the trade, you will want to ensure you understand how you are going to get the original files.

Guys who have been in the trades for months, years, or even a lifetime... estimating is HARD, MENTALLY DEMANDING WORK.