I am not considered a "real estate professional" by the IRS definition.

In many cases, but definitely not all, students partner with Cody's development company to handle the entitlements and the exits to homebuilders for a profit share which can be mid-six figures for simply bird dirt-dogging the deal.  

There are definitely many motivated and knowledgeable folks here. 

I will definitely make sure all responsibilities and expectations are included in the operating agreement.

I will definitely look through this to find a community in my area. 

We are definitely planning to visit first before purchasing.Any thoughts on Nashville or anywhere in IN?

@Michael Baum - In terms of the Pro subscription, it's definitely not a must.

I think you have a variety of options and all of them are good paths.   

I'll definitely be sure to keep that in mind.

Christian,It definitely is a factor in deciding on lenders and how you want to go about it.