Welcome to the site.

I have the on-site manager that lives in the community deal with all the things that require being physically at the park.

I’m so thankful I found this site and you’re right this is a huge frustrating lesson as I saw this coming a mile away when I wanted to purchase but unfortunately it’s very much a seller’s market in Miami and I only wanted this property.  

All of the auction sites such as Hubzu,Auction, Xome and H&M operate similarly.

Note that this case was enacted before the passive activity rules were enacted in the 1986 tax reform bill and likewise before the 1993 creation of the real estate professional designation.But at the end of the day, if you're looking for primary authority in the code or regs saying, "You don't need to be a real estate professional to claim the home office deduction for rental activities," you're not going to find it.Your best bet would be to challenge the CPA as to why he believes the real estate professional designation is necessary. 

Have you done any of the direct mailing or just in general have you contacted property owners just from getting their info of the county tax site?

Some HML also supply rehab funds in draws but you need to spend before you get.Private financing is your best bet but you need to sell family/friends/misc contacts on your business plan and how you will pay them back.

@Paul LaSpina Best bet: consult with a competent CPA. 

I’ve used these with success:cozy.co (cross posts to realtor.com and one other site I don’t recall offhand).

Good Saturday morning to everyone...I have been listening to the podcast and lurking around the site for a few months now...I am an Army veteran, my wife is currently in the Navy..I have my BS in Accounting and am working towards becoming a CPA...Real estate has always be of interest to me, however coming from a family that has never owned anything, I didn't know where to begin...BP has opened my eyes to the fact being that real estate investing is possible for us...I am a sponge right now wanting to learn any and everything...My schedule is flexible, therefore if any investors or anyone in the box would like to have a person that can do some running around for you here and there in the North San Diego County area, hit me up