Obtain empirical market data from the various brokerage companies that specialize in each particular product type in your design.

I understand this could be a wireless reader or a data reading device that plugs to a data extension cord. 

I think the cost of attendance ensures that the group will be serious folks in the industry. 

Access to MLS data Ability to write your own offers Ability to earn commissions on your purchase Ability to save commission on your own properties that you sell .

I didn't read this to ensure its accuracy but it certainly looks to be from a credible source. https://www.irs.gov/pub/irs-utl/33-Real%20Estate%2...Cliff Notes:Real Estate Professional Qualification • Material participation in each specific rental • Material participation in separate Real Property Trade or business • 50% rule • 750 hours rule • 5% ownership ruleReal Estate Trade or Business Defined IRC Sec. 469(c)(7)(C) Any Real Property: • Development or redevelopment; • Construction or reconstruction; • Acquisition and/or conversion; • Rental Activity that is not a Passive Activity; • Property management; • Brokerage activities.Example 1: Laura owns 5% or more of a real estate sales office • Works full time as a broker • She owns 3 rental properties and: • She finds the tenants; • Approves tenants and leases; • Approves and oversees repairs & improvements • Net rental losses are $31,000 and her modified AGI is $160,000 before the losses • Deduct the full $31,000 in the current tax yearExample 2: John acquires old homes and contracts 3rd parties to renovate and ready for resale.

Everyone 8 years ago gets the same data.....high growth, shortage of inventory, let's build....everyone jumps in at the same time and runs their numbers....stretches them a bit to meet cap rate goals and lender requirements and the BOOM is on. 

That deal sort of fell in my lap so I'm doing the due diligence to ensure it's a win win, but it is a bit off course from my main focus of buy and hold sf and mf down the road.

The market data seems very strong but it would be great to get some first hand accounts of how things have been the past year, trends, etc. 

Your attorney will be able to advise on the risk of this and how both you and the vendor would need to proceed to ensure the eviction is not fumbled.In your position, the easiest thing would be to post-pone Close until the eviction is complete.

This is to ensure that the borrower does not default in case of non-occupancy of rental units.In case of point 1 to prove experience, the owner has to prove one of below:1.