., in a real property trade or business) if:1) more than one-half of the personal services you provided during the year were performed in a real property trade or business in which you materially participated; AND2) the number of hours in which you materially participated in this real property trade or business was more than 750 hours; AND3) you must materially participate in each rental real estate activity unless you filed an election to group all rental real estate activities as one (and materially participate in that activity).A "real property trade or business" means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, or rental operation, management, leasing, or brokerage trade or business.Personal services performed as an employee are not treated as being performed in a real property trade or business unless you are a more than 5% owner of the trade or business.For joint return purposes, the eligibility requirements are considered met if either you or your spouse separately satisfy the requirements.

Hi guys i currently working on short sale when i submit a offer for this property i use my LLC but is being a night mare they raise the property price twice they ask me for '' LLC Operating Agreement'' and now they asking me for my permit of my business or my operating licence is this is pretty common on a short sale or just here in Oregon I have solo ownership of my llc does anybody know what kind of licence m'I Supposed to get for this.

If you cleared $5k I would be surprised and there is no way in hizell I am investing over $100k to make $5k.On a buy and hold, your gross rents of stated $1100 at best equates to $660 left over based on a 40% operating cost ratio (which is more of a better case scenario).

We turn away potential clients from other industries because I am only interested in helping MH operators.

Distance from the lender's center of operations changes the risk - to that lender.

Purchase price 109000, total rents 1350$/month. 250$/month cashflow after all operating expenses.1.

What is the structure we operate in?

There is a lot you will need to know about the property to determine if it is a good deal for you or not though to include:- rent history - vacancy rate- current lease terms- expenses (operating expenses, insurance, taxes, etc) - market value of the property- property conditionOnce you know more you can apply the 50% rule to determine what the long term expenses will be.

Don't have a expense item for property taxes (that's what the assessor is estimating so he doesn't take property taxes as an operating expense.

The solution is some form of seller finance, but first the SAFE Act and later Dodd-Frank has made that too expensive for small operators.