Mary Jane is a good example of someone whose business practices would point to the investor's income from these investments being taxed like a flipper, self-employment tax included.The best strategy for Mary Jane is to elect to be taxed as an S Corp so that she can split her income into a reasonable salary and a distribution/dividend.

In my experience, the challenging part is gathering the tax info from the vendors so it's a good practice to make W-9 a standard requirement for all your contractor. 

I'm a relative newcomer to BP but already very energized and motivated by the ideas and practices presented here.  

I would like to send them postcards but I have been unable to find any examples of the type of wording to use for such marketing practices.

I am looking to join a quality / well organized mastermind group to share strategies, perspective, best practices etc.

I am a local attorney and run my own practice with my two partners.

It is a violation of FL licensing laws.https://www.richardhornsby.com/crimes/regulatory/unlicensed-practice-of-real-estate.html

Even though we work to make the best ivnestments, there is always a lot out of our control as humans - part of good business practice is preparing ahead of time.

@Andrew Neal you can find the original posting I wrote on this subject HERE and this is something that many people practice all the time. 

And you don't win the bid yes you just return the check common practice..