I am passionate about helping investors build life-changing wealth through scalable portfolios.Background:Currently pursuing a Doctorate in Business Administration, I is fluent in Spanish and have spent a decade in nonprofit work and overseas missions.

Trustin your PM partner is important and they will follow your lead, so don't expect them to provide you with your business plan. 

in my country real estate is not something that is so common,so was asking about the about the degree with the view that it would perhaps get me in track for real estate business.

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

This will set up your buy and hold business long term. 

@Jonathan Blanco If you’re worried about $3000 in fees you’re in the wrong business.

Hi @Ashley MillerBanner Elk is a great place for STR due to the busy summer season, ski season, and fall leaf color season.

If it's a QM you won't be able to close in a business entity like a LLC, although in some cases you can transfer into an LLC after closing.

Since my RE financing investor does the incentive of paying for the property, I want to make sure that my business partner is getting a great ROI in profits, so I want to make sure that money is working for the first investor making a deal with me in the smoothest way possible! 

Anyone know of any good sources for small business HELOCs?