This is why I got engaged to a realtor!!!!

Thanks for engaging my post!

Yes engaging in almost any activity for profit will be considered running a business by the IRS. 

Would love to see more engagement on those topics.All the best,

I had one in your neck of the woods I rarely will engage a wholesaler as I get bombarded by them to be on their buyers lists. but this particular one in Charleston SC.. had a property in the area I am building new homes.. so that one I would go for.we agreed on 200k its was a tear down.. so 215k for the lot.. basically.and since most wholesalers never know the state of title I have my person ( a local broker check quickly) they come up with an option to buy it for 100k..

I love how you were able to get from 16% occupancy to 100%, simply by engaging local leaders and government agencies, which clearly paid off. 

We asked the tenant to get a policy themselves about a month ago, and thanks to these responses, we re-engaged them and gave them a 3-day notice to perform.

The main reasons I'd like to make house hacking work in SD is 1) I'd like to learn and gain experience managing my own property prior to engaging in OOS REI and 2) as @Dan Heuschele has mentioned on other posts, SD is a great market for REI, particularly BRRRR, in large part due to the strong appreciation SD has had in the long term.Investing OOS is attractive for me because I can gain cash flow with less upfront investment, and use this cash flow to reinvest in my next property.

Look, I don’t disagree that higher level distributors make a good portion of money off of functions, speaking engagements and tools.

I sure wouldn't listen to anyone on this forum unless its someone licensed as an attorney that you've engaged.