If the flipper I finance doesn't perform, my recourse is well defined and well known to all parties.

The IRS defines the difference between a business and a hobby this way.

I'll be moving from Chicago to the Fort Myers/ Cape Coral area in about a month and had a few questions:does anyone have a broad overview of what the market is like in Lee county?

So i will definently be looking to build my credit this year, and may have to use money of my own as any downpayment.

I will definately consider a multi family purchase as my next move.

Omg my husband will definately tease me about this one lol

I don't mean to be snide, but your question is so broad that a direct answer without volumes of books being written is impossible.Instead of you trying to be a lender why not just find a mortgage broker and loan your money to them and let them carry out the professional stuff required?

However, in Massachusetts at least, if you send a "personal" letter, the officer couldn't define what that was, to a person they can request that you stop.

I have yet to meet anyone willing to go that long term that would be defined as HML/PrivateI have one Private lender at 5 years.

Real estate investing and real estate as a profession are very different things.You have regular investors that use the services of others, investors who get licensed to find their own deals to buy and sell, and investors who like doing their own deals but also enjoy helping other clients close deals as a profession who are brokers / agents.If she wants to do it full time figure out the yearly nut that has to be made.If she makes 50k a year at her job then she needs to break down for her area how many sales with a split she would need to reach that per year.If just part time she needs to define part time.