Willing to help build for free as a trade off.

I see it more and more - Not the Federal prison consequence but a Fannie/Freddie lender putting you in default.  

She can only have some negative tax consequences if her net worth is over $10 million, and then those consequences will only kick in after she dies.3.

.), but it behooves you to figure out the rules first as doing it wrong can have dire consequences if the deal fails or someone wants their money back early.

With the 199a Deduction (20% off business income) If you are claiming your rental meets the level of a trade or business to receive that deduction, you must also 1099 people you pay over $600 to as well. 

It's all about risk versus reward.If you are worth 2 million and buy a 200k property on a hunch with debt and some down and it doesn't work out you usually stub your toe.If you are worth 250k and putting down 25 to 30% of your worth to buy this property then the consequences of a failed property purchase could be much more amplified.Your regeneration of capital is key.If you have 200k that took 5 years to save and make say 70k a year from job or business then having a failed property could derail your investing for future years to come before you recover.

An ETF trades on an exchange in the same manner a stock does, this allows you to quickly enter and exit.

I have small hobbies (i.e. buying/trading vinyl records) that generate a few thousand dollars each year so maybe I can just create a company with a bland, generic name like "Larry Endeavors" or something that allows me to claim any and all income I receive from whatever I happen to do in the year to earn it, allowing me to have the SD401(k)?

With the anchor institution showing no signs of slowing down and the invasion of national developers that have seized on a growing real estate opportunity to provide housing for an increasing number of college students, city residents find themselves much more concerned about the consequences of that growth — including rising rents and flood waters — than noisy parties.https://nextcity.org/features/view/san-marcos-fast...But in a situation like that, I don't see how Amazon would be a bad thing.

I would argue that working with a remote CPA who has experience in real estate will likely be a better fit for you than a local CPA who is a Jack of all Trades.