Hello fellow real estate enthusiasts,Having worked extensively throughout The Bahamas for numerous years, I've been captivated by the unique charm and potential of its real estate yet undertapped landscape.

What worked for me in breaking through: 1) keep contacting support about the problem, every day - stay on them; 2) I spoke with numerous different support people, and only 1 of them was proactive in getting back to me with regular status updates - find that person and keep in touch with them daily to get resolution; 3) include as much detail as you can in your correspondence - in my case I had to send links to my city's website where the city clearly spelled out their STR/LTR classification and licensing requirements.Lastly, if you operate a long-term rental on ABB and/or VRBO, make sure it is properly configured as an LTR with a 31-night minimum on those platforms - it looks like I hadn't completely done that on VRBO, and that bit me in the butt one year later.

But if you kept it and used it for numerous flips over time, it would seem to be a legitimate corporation.

Wholesaling - I have read numerous articles and watched tons of videos - but all skip over the details of how it is executed.

I continued to futz with different scenarios and I can certainly come up with numerous scenarios even considering a more realistic expense number than 33%.

Hi Will,No to long ago there was a tax court case it runs in mind Rollins vs Commissioner where legal counsel was inadequate at best and the court ruled that his 6% ownership constituted enough legal alter ego to create the prohibited transaction.My associate is an Attorney and has been on the phone numerous times with IRA Attorneys discussing this issue.Our position is no percentage of ownership in any entity is safe until another tax court case rules otherwise?!

It may have only cost you $7500 to get in, but it will cost you $20K to get out.There are numerous houses within two miles of this one listed on the MLS priced around $60K.

I tried numerous times to create an excel spread sheet.

In numerous cases the IRS has evaded to this Jafarpour 2012-165, Padilla 2015-38 are both ones where reserach hours were thrown out by the courts as not qualifying as investor hours. 

Numerous offices nationwide wide including Seattle, Lynnwood, and Everett.