What does the IRS define "economic activity" as?

The financing will obviously be different as a foreign national, but we work with lenders that will finance foreign investors, so the good news is they exist.The yield you're looking for will partly determine the market(s) you focus on.How are YOU defining "multi unit" properties? 

These are the first people I'd call before I did anything else and spent any real money.A good hard money lender could give you some advice on your strategy and will clearly define what they are looking for in a property and a borrower.

@Maged Bishara can you define "net revenue"?  

If an optionee is required to do anything to maintain the right to purchase, such as pay rents on time, you don't have an option, you have an installment sale or a sale contract.The heading of a contract at the top margin does not define what type of contract you have, you don't just declare you have an option, the intent of the contract and the terms will define what you have.The intent of a sale is spelled out in the Tax Code with the IRS, it is based on international accounting requirements, look up asset recognition of real estate options.The IRS is not some lonesome dove, all agencies under the Executive and Judicial Branches work in concert, in other words, if the IRS determines requirements all agencies and courts will utilize the same requirements to make their determinations.These "intent" rules go into effect this year, 2016.

I only know Waterbury in a broad-brush way but would caution you not to be star-struck by the prices.

I was rejected by another due to the crime rate, which I think is a broad generalization of the area.

Using "Ender" IRA capital to definance bank debt and "turn and burn" to make possible an entire chain of fund "Financiers" "Wholesalers", "Fixers" "Retail Buyers" by sharing future profits; tax free.

The purpose of the agreement you're doing is as follows:To define the percentage each partner ownsTo define the compensation structureTo define the purpose of the partnershipTo define the capital contributions each partner will makeTo define who's in chargeTo define how the books and checking accounts are handledTo define the state laws that will be appliedTo define how net losses are handledTo define what the recourse is when you guys pull your pistols out and everybody starts shooting and wanting to go to courtUnderstand that contracts aren't worth the paper they're printed on.

Initial Investment is defined as the Sales Price, NOT the Sales Price + the Cost of Improvements done to the property " So from the above statement, this seems to mean that the New " Cash Out " loan can NOT equal more than the Initial Purchase price for the property + the Closing Costs ?