Learning to operate under significant pressure, crunching numbers, how to effectively manage time and dealing with very angry people.

., 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).

That there are Lonnie Dealers operating illegally is not good evidence of future low risk.

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

Side note on laundry, ask that they throw in machines that accept credit or loaded cards if you can in place of or along with coins.

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

What is the structure we operate in?

"loaded for bears"!