As mentioned, most of the time they are ordinary folks, no office, no gatekeeper.....they read their own mail and buy and sell as much as anyone else.......and they get very little mail because the common wisdom is to skip them.

Once your rental business in a given geographical area is up and running, you may immediately deduct expenses that are "ordinary" and "necessary" (these are specifically-defined terms) to expanding your rental business, but any costs attributable to a particular property that are incurred before the property is placed in service must be added to the cost basis of the property."

Such entity in the ordinary course of its business must be engaged directly in real estate management or development activities.2) Expenses related to the real estate will be paid by the corporation.3) The real estate will not be used for personal use.4) There may be periods of time when the 50% test described in 1(a) above is not satisfied.

As stated, stick to the ordinary before turning to the extraordinary.Bill that makes me thing somewhere out there is likely a funny chicken and a mortgage joke for some reason.

It's all considered ordinary income, subjectto the tax rate the individual is in, plus self-employment tax.

Remember you make your money when you buy so using out of the ordinary practices to find your flips will pay off.

In my book, if you're paying ordinary income tax on your real estate profits you might as well be working a job.

Any profit on the sale of your spec homes is ordinary business income subject to self-employment income taxes as well.  

To figure how to combine what I've learned, my money, OPM, my time and attention, to create value beyond the ordinary.

Garbage disposal, microwave, internet, pool, patio table, window blinds,..... anything that could break or become a hassle.