Credit cards offer a lot of protections for the user, but that doesn't mean they are allowed to commit fraud with them.

From what I’ve seen in CNBC reports, this strategy appeals to investors who want to diversify without committing large sums upfront.

CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

The fact is that anyone who takes, leads, or carries away the property of another with the intent to convert it to their own use or deprive the owner of it is committing a crime. 

You’re just trying to make a few bucks to buy your own toys without committing to being a full-time shopkeeper.But here’s the thing: Wholesaling without a license is like running around the playground trying to sell toys out of your backpack.

But it is a serious commitment. 

I agree with your advice on specializing in a particular asset class, and I’m committed to refining my expertise in this area before expanding further.

The increased cash flow and the ability to pay down the loan more quickly are the biggest draws for me.Am I underestimating the time commitment of managing a multifamily property?

One thing that could really help is creating a detailed scope of work before committing.

My strategy (at the time) was to aggressively pay down my mortgage, and the recast allowed me to reduce the monthly committed amount.