So if one party is doing the administration of investments, they should frequently reconcile with the other party so as not to incur earnings from idle capital in a savings account, for example.Based on consultations with our tax attorney and the chief compliance officers of several custodians we work with, we are cautious abut clients pursuing such JV transactions.  

Go to your local Board of Realtors and ask about Texas compliance matters.Your license should be good for a few years but,you probably need refresher courses on ethics and procedures that the board should offer.

There  is also is some indication they may be a subsidiary/affiliate of InfoGroup Inc. out of Nebraska.If they are producing lists of consumers in compliance with privacy laws, folks on the list would have either opted-in, or the lists are anonymous - simply a list of street addresses in a community or postal code.  

I called the local office of the company (Waypoint Properties) on the title who assures me that this is ONLY for rent (NOT SALE) though their company.  

FYI - most pest companies require a tenant to assure the process is effective.

After the regulations take effect in July 2018, any listing not in compliance will be fined or taken off or something. 

So there is room for error.I think it ultimately depends on how long you think it will take you to file your tax return and the level of assurance that you prepared everything correctly.Now that you are self-employed - please be aware that you may be required to pay estimated taxes.

They're not friends, but they're not at odds with one another any more and they're even somewhat cordial.So, it comes down to making sure all parties are in compliance with the terms of the rental agreement.

She didn't know if there is any governance/compliance in place.  

Thanks for the reply.I fully understand and I'm willing to be in compliance with all codes and ordinances.