To summarize a bit, if you are looking at getting your r.e. license, you will become licensed as a salesperson (i.e. agent) first.

To summarize what you and @Shawn S. are saying, I should not settle for anything less than 1% rental rate to purchase price.

The narrative summarizes the activity along with Management's opinions and recommendations about property related matters.

I actually posted a new thread on this that goes deeper but to summarize it was a well done conversion that was done with breaker panels it's not some old knob and tube job.

@Steven Hamilton II To summarize: 1.

I acquire more deductions depending on what I have going on that year.But I am now trying to get tax planning strategies set up and have to set up a meeting with me, my cpa and my attorney to get the most out of it.To summarize then, how I see it really depends on what your regular job or company is and does.

To summarize without adding a document to the post here, it states that you must maintain residency unless it is determined that it would be a hardship to you or unless these circumstances are beyond your control.

If using OPM and works in your favour then you're golden.To summarize just to note the major differences that are uniquely Real Estate;LeverageOPMTax advantagesOtherwise it's like any other business.

@Jessica Swingle - if you would please summarize what you learn from John Hyre's office, that would be appreciated.

But I did notice she barely reviewed the piles of receipts I had assembled using NEAT but used the front sheets reports NEAT generates to summarize all the expenses.Mileage was a big deal, if it was specific to a property she allowed it but well documented mileage to do other business was in most cases denied but it wasn't worth arguing about.It was an exhausting three days but I leaned a lot.