I'll update my status here next week after attending the auction.

Because if he is a true non-profit he hasn't paid taxes or is "tax-exempt" status with that property. 

. - If you fail to comply with the requirements of being an S-Corporation, which requires the business to hold both initial and annual director and shareholder meetings, adopt and maintain bylaws, issue stock to all shareholders, and record any stock transfers, you can have your S-Corporation status revoked.https://engagecpas.com/blog/wh...

A Wyoming LLC with S corp status as the parent company is being considered and owning a Texas LLC and with a disregarded tax designation for the operating company. the business is located in Texas. 

Hi CLE market & RE investors,As I continue in my newbie status an area of confusion is the order of the buying process after doing the number crunching analysis & choosing some properties to compare for offers.At what point (and costs) does a city or private certified house inspector check the house?  

Challenging the status quo or the norm is exactly how we built our company and achieve the result we do, so no big deal at all.  

It is very typical for "closed accounts" to take additional time to finalize in order to ensure all checks have actually cleared (inbound and outgoing); all work ordered by the current PM has been paid; and actual rent payment status is confirmed along with Security Deposit and the transfer of the SD.The repair authorization may or may not be arguable.

Not sure It would have been a deal if it would except that  it has room to grow to 25,000 which will get it to "part-time Manager" status and allow day to day operations to be delegated if desired.  

It seems as marital problems could have been a key factor among other issues.  

I could be wrong.I work a W2 job for a city as a comissioner in the building department for the typical 2000 hours a year.I also have an LLC home inspection business that I can legally show 978 hours worth of work that matches my income from my W2.I also purchase my first rental property in 2021 that I can show about 100 hours worth of work at.Since then, I purchased a BRRRR property in 2022 that I've done all the improvements on myself.Can I qualify for the Real Estate Professional tax status?