Do you plan on working and doing real estate deals or will you be devoting all your time with new real estate deals?

If you have Park owned homes you will need to devote time to issues that arise.

Couldn't agree more with Joshua Dorkin Spend the time you are going to devote to making a list towards finding a great deal.

Marketing wise I can devote up to $500 a month to obtain new clients. 1 client a month wouldnt be a bad thing.

The IRS imposes very strict definitions on this (minimum total number of hours per year you work on real estate related activities, as well as more than 50% of your total combined work hours have to be devoted to real estate, etc). 

Since things are stuck in legal limbo you haven't seen a lot of effort devoted to investing $75k+/offering with this regime to date.  

Until you are a signed client, most agents won't devote much time to you.  

These factors are:(1) the taxpayer’s purpose in acquiring the property;(2) the purpose for which the property was subsequently held;(3) the taxpayer’s everyday business and the relationship of the income from the property to the taxpayer’s total income;(4) the frequency, continuity, and substantiality of sales of property;(5) the extent of developing and improving the property to increase the sales revenue;(6) the extent to which the taxpayer used advertising, promotion, or other activities to increase sales;(7) the use of a business office for sale of property;(8) the character and degree of supervision or control the taxpayer exercised over any representative selling the property; and(9) the time and effort the taxpayer habitually devoted to sales of property.If you review Flood v.

Retired last year and I am know devoting my time in searching properties to rehab in Cleveland suburbs.

Investors don't want to have to put too much thought into your business and if they do, they will choose to invest in other people who appear more "buttoned up".My first 6 months I spent bascially putting the ball in the investors court and saying, "How much would you be willing to devote to this and what would the interest rate/return need to be?"