Its a complicated situation involving drugs, the separation of a married couple, and a boyfriend who seems to have been a bad influence.

I find several seasoned investors spouting off to newbies that really have no clue what they are talking about and it's very dangerous.If you are involved in a real estate deal in any way, you can be sued, and will be if you don't offer the suggestion that she get legal help before she does ANY deal.

You'll also need an attorney to be more involved in contracting and administration not to mention costs of financing being more and more difficult.

Hello I have been involved in a short sale as of march the sellers bank did a BPO April and still haven't gotten a call yet telling me if they accepted the offer.

Capital and equipment.If the gross receipts and profits come from items 2 and 3, then that should not be associated with the shareholder-employees personal services and not be allocated as compensation.On the other hand, if most of the gross receipts and profits are associated with the shareholders personal services, then most of the profit distribution should be allocated as compensation.It seems to me that if you use a S-corp, pay yourself only a small salary, and are very actively involved in your flips, the IRS can step in and reclassify most of your pass-through as wages.

You have to remember the 50% is assuming truly passive involvement or at least paying for your time if you're doing it yourself.2) They're "small/accidental" landlords.

Can wholesaling be done as a side job and not involve the brokerage at all?

I want to get more involved in real estate but the market seems white hot and its left me with cold feet wondering when and how to jump in.

I'm interested to hear from others if that would be discrimination to deny her moving to your other unit based on having pets.

You must trust their authority in granting or denying your request.A "use variance" may be your answer.