this is very helpful 

It wasn’t a huge payday—$5,000—but what I gained from the experience was far more valuable than the check.It started when I got a lead from an older woman who owned a house in New Hampshire but lived in Maine.

Michigan is a rare state where this is allowed.

I got this deal from a connector within Gator.

How would you guys deal with this?

Charlotte is a great market (though it is seeing a lot of new construction this year!). 

tax advantages for multifamily investors fall around this concept of "real estate professional". i wouldn't touch life insurance for this purpose. 

In the closing docs, there was a document that signed over the rights of the current lease to me.

This is most important in states where licensure is optional.

in my area probably bring enough to cover my holding costs while we wait for this tax treatment.