We've done some fostering and adoptions where there are requirements, but the local fire department was very helpful.

I don't have a 401k but I have something similar a 403b account (for nonprofit employees) .

Okay here goes...........So on one of my apartment buildings I owner financed with a seller I was added as an additional insured.The seller checked with the insurance company weeks before we closed and they gave their blessing.Now the policy is coming back up for renewal in March of 2012.The owner of the property insurance company is now up in arms saying his employee didn't give the seller the correct info and that unless the seller shows ownership he can't renew the policy in March.The reason he said is insurers do not like to see additional insured because they think someone will commit arson and burn them down and make a claim.These buildings are 30 years old and it's hard to find another policy that is not very expensive for them because the policy was written and renewed each year before they hit the 30 year mark.Many new insurance companies won't touch a building that old unless all wiring,plumbing,roofs,etc. have been replaced so their will not be many claims written when they underwrite the policy.If the insurance gets cancelled in March then the underlying mortgage company would be notified which we don't want to happen.The seller has talked to her attorney (not the closing one) and have mentioned something about titling the property back to the seller but have an agreement stating I still have ownership in the property.I am not comfortable with that solution at all especially after all the work and money I have put into turning these properties around.The other option the seller mentioned is cashing her out of the 2 buildings early coming due in March for the insurance policy and then the other buildings don't renew until end of the year 2012.I am open to suggestions.Per the agreement I have years before I have to cash out the balloon note.

Time spent as an employee in real property activities counts o nly if the taxpayer is more than a 5 percent owner.SECOND TEST: Does taxpayer spend more than 750 hours in real property businesses and rentals in which he materially participates?

I guess it's that 'employee' mentality vs. that of the 'employer'.

We also worked against some unfriendly variables, like a tenant horder and a warm house.When buying the concrete, ask the employees to bring it out to the car on a forklift.

There are smaller databases in different real estate companies, only accessible for the employees of the company, and most of the listings there are also available for everyone on the MLS.- At least 4/5ths of the agents with something listed on the MLS are sellers agents.

Texas does allow the vendor to sign an affidavit that acknowledges a contract relationship rather than an employer/employee relationship, preventing him from suing you.

I know several people who run very large real estate investment businesses and have less than 5 full time employees.

Geoffrey,Maybe you have misunderstood my point.My question was about bank loans,i wanted to ask you if some 21 years old employee has the right to take loans from a bank to buy more than one real estate?