Brother has real estate flip operations in Ohio.2.

Gloria,Based on the excerpt below from the TN Business Tax Guide (google this for your reference), operators of residential and non-residential buildings other than hotels, motels, or rooming houses are exempt.

Then train them how I want other task done and add to there work load.  

The owner is free all operational responsibility.

Hoping the pros on here can share the facts, and also cite their source in light of a potential audit.Finally, just a TurboTax question - what is it referring to when it asks me to list any "nondeductible expenses from prior years - operating/depreciation/AMToperating/AMTdepreciation"?

Just create an LLC and have initial capital contribution into the LLC be enough to fund acquisition (down payment + closing costs + legal funds to start LLC) and have operating capital from day 1.

However, I am sure there are loads of people on the site from Oregon that can help you!

Hello, Quick question,  what is the 50%  operating expense rule  when it comes to small multifamily properties . 

This industry weeds out people that operate on the contrary. 

Income real estate is "valued" by cap rate, which in the simplest terms means you take the net operating income, divide it by the purchase price, and that is your cap rate.