I also think that we are also approaching a point where "temporary" is a debatable point. 

I am debating between investing in SD or out of state.

@Phillip Hooks-Wright aside from the debate as to whether it’s legal or not... there is almost no business on earth that you can start legally with zero money.Even if you are providing a service you may need tools, bank account, insurance, invoicing system, quick books... something.I would work on building up some Capital through working and saving, then look to invest in a business.

I thought for a while to consider look into being a wholesaler, but to be honest, after calculating the potential costs, the time you need to put into the deals, the people you have to deal with (including title companies, potentially lawyers, dealing with inspections, dealing with appraisals, doing the comps of the deals and more), I decided that wholesaling seemed to be a long strech idea, as it is a position where you make much less than people think (all the social media gurus are pathological liars), and would rather do something more realistic.I am debating on what would be a good profession instead.

Oregon does not agree with the guru equitable interest debate.. you have a contractual interest NOT equitable.. small EM and a contract does not create equitable interest it creates Contractual interest big difference.. but  we are not triers of fact.. so thats what i know.If someone advertises a property they dont own in Oregon  to Oregon residents without a RE license that is not legal .  

But it is debatable, and more importantly - 1099s should be done either way, and it's not that hard, unless you use illegal labor.Finally, if you believe $25k losses are rare - maybe you need to upgrade your tax accountant.

The tone was set by design for a good friendly debate, with a little heat.

I remember at the time, he was debating whether or not he would make the trip.Along with so many others, I'm really glad he did.

Great debate, I am enjoying the back and forth.

I think you can debate about the ethics endlessly, but the outcome is for the greater good.The other aspect you bring up is pretty obvious.