So far, we have shortlisted Columbus, Orlando, Indiana, Vegas and Rochester.we live in Toronto and we really would like to connect with people like us who already started their journey to know about their experiences and insights of investing in the US! 

I also have no interest in being in the car wash business, or the laundry business, or the AirBnB business, things like that which seem to appeal to a good number of people, but not me.I like to KISS, and just focus on market rate rentals, 12 to 18 month leases.

I think you're right, it has always been a beneficial trade for both parties.I have not seen the inside yet, but the owner said he is more than welcome to show me once I have a pre-approval.

These questions are very wrong questions because people have thaught you wholesaling the wrong way.We do not put an deposit down when we wholesale.

Quote from @Deborah Brancheau: If you send me a PM I can get you in touch with some companies and foundation people in that area.

Best of luck there, it's a great town with good people.

There are people who buy a longer term (12 months or more ) OPTION giving them a RIGHT to purchase a subject property, at a certain price, within a certain amount of time, and attempt to either sell the option for a higher price or close on a simultaneous purchase and sale to an end buyer paying a higher price.  

I am no expert and just do what I am told.  

Suggestions are welcome, also looking to connect with people interested in a mutually beneficial relationship!

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity.