What does "as long as the income is not used for qualifying purposes" mean?

Likewise, being a mortgage broker does not qualify (this one was actually just tested in court in 2017)For the bucket of losses, all passive losses get netted together in a given year, so all rental properties, Oil & Gas Royalties, etc - all get lumped together for the purposes of determining whether you've got an overall Net Passive Loss. 

The purpose of the due diligence period is to inspect and make sure the price is acceptable.

Don't be shy about using social media to promote what you're up to as well.

And if you're so worried about renting to recent graduates, have one of their parents with income/good credit co-sign the lease for extra 'insurance'.No offense, but it sounds like you worry too much and are creating hypothetical negative situations in your mind which serves no purpose.

I want to grow local endurance sports and promote cycling/bicycles.

Hi you guys, I would like to set up a website that provides an overview of completed deals (i.e. before/after pics, deal metrics, etc.).Is there anything out there tailored for this purpose?

That is, your goal is for everyone to pay you back sooner than expected and to stay as 100% loaned-out as possible.Penalizing borrowers serves no purpose here.

From a tax saving perspective you wont get any benefit with the LLC because you will treat them as pass through for tax purposes.  

Chris INSERT FAMOUS DISCLAIMER HERE: This answer is for educational purposes only and is not and shall not be construed as legal advice.