Special Deductions for Real Estate ProfessionalsReal estate professionals are people involved in many aspects of the rental property business, including buying and selling, owning, renting and leasing, remodeling, constructing and managing the rental.If you're an average taxpayer and you happen to own rental property, you can deduct losses on that property only up to a certain limit because your ownership is considered to be a passive activity.

What's more interesting is an article was released today giving more specifics for the project, stating WF will only occupy 25k sf in space, and the remaining 40k dedicated to community involvement, training in cooking healthy with test kitchens, and so on.

, so felt compelled to get more involved.

The title company then sends checks out to everyone involved, including the seller's existing lender.2.

I'd still suggest a LMO be involved.I suppose to you could have step by step instructions and sample notes in a booklet, that you might give someone to read through, that's as close to getting involved as you should get.

This is very common and everyone involved should understand.If it appraises for less than $180K, the loan and down payment will be based on the lower amount.

I'm sure if I didn't want to be as involved, they'd be happier with that.

Thanks for jumping in and please don't be shy about getting involved in the discussion here on BP.

If the guy out of the company is needed as the construction guy or any needed element for the business, contract the service prior to the loan so that his abilities are considered in the deal without involving him with the lender

That'll get you going well on your way.Otherwise, please consider uploading a profile pic so we can better connect with you as you get more involved here.See you around!