Majority of my clients are real estate investors, I help them establish the vehicle (IRA or 401k) which enables them to invest into alternative options (rentals, trust deeds, syndications, private placements, private lending, etc.) but I'm not involved in the investments at all, and did not really have a desire to go back and sell "traditional" investment options so there was absolutely no use for my securities licenses (I held 6, 63 and 26) and while like you I worked hard to get them, I decided to let them go and I don't regret it. 

@Jim DahleGeneral partner's/managing members and the accountants who prepare the fund make the determination of how income is categorized and then passed on to it's partners/members.These partnership vehicles want to correctly classify the income.Failure to do so can result in interest, penalties from the IRS/State's.The partner's will look down on the partnership if such issues arises.If you are an LP in a fund, you simple get a K-1 and have to deal with what is provided to you on your K-1.

CRA’s Bad News for Canadians Investing in US Real Estate Two popular vehicles for investments in US real estate are limited liability limited partnerships (LLLPs) and limited liability partnerships (LLPs).

In Florida, you have no liability with a living tree or it's branches falling on your tenant's or the neighbor's vehicles or house. 

Multi family will be the vehicle we use to make this happen.

Lower East side is great, Brewers Hill is already on the edge of rough parts of town, so you definitly want to be able to pull your vehicles into a garage over night etc.

Once you do that, you can turn to a cash-out refi using a commercial style DSCR loan or some other vehicle to get you across the finish line.

Like sales tax on a vehicle bought out of state.).

Real estate is a very forgiving investment vehicle.

Otherwise follow your state laws for abandoned vehicles.