To become an REP you have to:- spend 750hrs or more in real estate investing activities (looking at zillow, watching BP youtube videos, actual property mgt, etc)- spend more time on real estate activities than any other single area (like a w2 job)My wife is a REP while I work at a W2, this allows us to take deductions from passive investing against our active income and saves us thousands of dollars every year on taxes.

They are leased out.It is zoned R-2 which allows for Multifamily which is defined broadly in the Definitions sections of the General Plan as "Dwelling, Multi-Family - A building containing three (3) or more dwelling units.

This has allowed me to complete renovations before moving in. 

This allows the tenant and contractor to coordinate a convenient time for repairs in case the tenant won't be present, granting the contractor permission to enter.

For context, I live in Salem, MA and a few years ago my husband and I were looking to buy a house that was not turnkey, but also livable, that we could live in while updating, and rent on weekends (either a room or the entire home) during Salem’s busy Halloween season.

In Wisconsin, we have a couple of good markets for you allowing you to diversify your capital across different markets if that's your preference. 

He claims he doesn’t allow access until the very end so you don’t get distracted and bombard him with questions while he’s teaching, but the truth is he doesn’t want you to see you bought yourself $10k worth of recycled guru garbage until its too late.

So you have to buy a business or invest in a fund  don’t think I could have learned Portuguese anyway  do you have to learn Greek for the Greece program?

When flipping however, if you do more than one or two per year it is likely that the flipping activity will be considered an active business and incomes and gains from that would be subject to Unrelated Business Income Tax.

You can do a cash out refi with a business purpose loan to get around that - as little as no seasoning if you've completed rehab to support the appraised value vs. purchase price.