On the other hand, this is legal.Borrowing against your personal residence, where the use of the money is to start a business, is not a consumer loan (i.e. not for personal, family, or household use); it's a business purpose loan.

We currently own our home, debt free and purchased a future investment property soon after for the purpose of a family member to reside in.

(by type / unit for individualized depreciation purposes),  maintenance, and change-over costs between tenants.

I noticed something relating to exemptions that may apply to properties being used for investment purposes vs that of owner-occupied.

Brandon, if it were me I would keep the rentals separate from the other entities because rental income/expense is treated differently for tax purposes (schedule E).The other businesses are all "earned income" type of businesses so in theory for tax purposes could be combined, but I would keep construction as its own entity because it's really its own kind of business with its own kind of risks.I would probably put the property management under the real estate brokerage, both for the sake of simplicity and also the fact that if you want to manage properties for others (which might technically include you due to entity structure) you need a real estate license in RI anyway.

Triplog app tracks your mileage for tax purposes AND maps the route you took.

I'm from Illinois.Need copy of Purchase and Sale Contract for wholesaling purpose.

. $1,800 is about $400 over market rent, so it was a poor purchase for the purposes of renting.

Chances are you will be able to stomach the smaller profit margin since you don't have to worry about monthly debt servicing.You can offer her 70% and and split the rest of the profit with her depending on what you agree to together.I make the assumption that you are looking to flip the property but if you are looking to do seller finance for the purposed of holding the property; you can do an amortized note for 2 years (10, 15,  or 30 fixed depending on your cashflow) which would give you enough time for seasoning so you can refinance it later.  

Finding your purpose behind what you do can drive you far.Keep seeking.Kirk