@Thomas B.Sometimes my eyes read quicker than I process information.

In the podcast, the accountant that was on said that "construction" is one of the "real property trade or businesses" that would qualify someone as a real estate professional in the IRS's eyes which is more of where im looking for answers

Even if they hire a property manager it's still very hard to find deals and you have to go get the loan , keep an eye on it to make sure the property manager is doing their job, Etc

Many will be reluctant to refi into a higher rate to pull out the equity because they are holding on to that low rate with their eyes closed.

I started here because I was here and it was comforting to put eyes on the project, and meet the team face-to-face often.

You may have a license and not be in business....but in the eyes of the government, you have a professional license to practice a regulated activity, and will treat you no different than the guy making millions per year selling real estate.Cost is the other overlooked item. 

I've already outlined 5 things to keep an eye out for, but if others have recommendations, please let me know/feel free to reply to this post!

I haven't expanded there yet but I keep a pretty close eye on the market.

@Matthew Izarek , keep an eye on our Careers page. www.biggerpockets.com/jobs

Good eye!