Even wholesaling or flipping requires contracts, and you're not old enough to sign.There are a lot of young people looking to start, and it would be nice to hear more of your story and how they could follow your process.

An MTR play may work well for them.Long story short, it can be logical for a property owner to enter into a deal with an MTR operator.

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

Lots of stories, but no deals. 

Any stories, tips, or advice would be hugely helpful as I decide whether to move forward or reconsider this purchase.

If she moves out in seven days and leaves the house undamaged, you can apply her deposit to the unpaid rent and forgive the rest.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

These conversations can help with sharing stories, etc.  

Long story short.Went thru a relationship issue and lost it all last year.

I'm about ready to file a complaint on them with the FDIC.Moral of the story, it's a nifty application but I would be careful about how much money you keep in that account.