The trouble lies, though, in the cases where a non-licensed individual is acting in roles that require a license (similar to a plumber doing electrical work in a way) . . .

Eventually, I was making enough investment income to cover my living expenses so I could FIRE.If you want to test applying your software skills to real estate, I've noticed real estate app startups every once in a while seeking funding on various Reg CF crowdfunding portals. 506(c) crowdfunding sites such as PeerStreet and Upstart were founded by ex-Googlers if you want to research these people as role models to learn how they did it.

When creating a Land Trust you will need to grant 3 roles: the Grantor (you,) the trustee (essentially the manager,) and the beneficiary (who receives the proceeds.)

You have to wait to get paid out the majority of your investment until they exercise the option.2.

I think half the people would use that room as a bedroom, but a lot would use it as a home office, exercise room, etc.

I also don’t want to risk any additional investment should the estate choose to exercise their option and buy me out.

Especially in this market, I would exercise caution related to location and underwriting.  

Reporting it seems to be an exercise in futility.  

My role will be to open a checking account in my name DBA Book Keeper, arrange the sub-contractors contracted to do work for the profit sharing plan, and pay them from my checking account. 

In the basement 40X60 area he has a 12' bar, lament floating floor, pool table , sewing room, exercise room, laundry room theater room 24X30 with 12' retractable ceiling with 8 reclining movie chairs.