Now I have to break down this idea of running a real estate business.First, the IRS doesn't treat real estate investors like you and me as a business. 

He's fulfilled Actual Possession: he's physically present on the land, treating it as his own.

I wasn't going to respond since I'm a Steelers fan, but I give KC props because not only is Arrowhead a great stadium to see a game, KC fans are decent people and treated us well as Steelers fan.

@Spencer Fuller, much will depend on how your accountant treated those bedroom rentals while you lived there. 

You will automatically be treated as a partnership for federal tax purposes.

He's a devote man and will always treat you right.

Nonetheless, everyone we work with is treated with fairness and respect. 

I am curious - it sounds like you are saying people cant change and that no matter what they should be treated as the person they were x years ago even if they may have a different history now...Say someone was evicted 8 years ago, but has had perfect rental history and wonderful credit - still a no? 

I have been told by several lenders that inquiries within a specific time frame from lenders aren’t much of a ding and are essentially treated as one inquiry.

@Jasraj SinghThere is other worst thing, that government may treat you as a DEALER if you're wholesale, but Don't know if F&F is subject to same treatment??