Welcome Brandon LintonI am just about the only member that is active on BP from Little Rock although I know a few others.

The IRA will be considered to be immediately distributed in full and your father will owe all taxes and penalties associated with the transaction.There is no way around this.Even if he were to make this investment with a non-disqualified person the IRA would still owe taxes if this was an active business like fix and flipping or wholesaling.

That is why most brokerages advise their agents pretty broadly to disclaim often and not partake in any activity that could be construed as giving legal advice or the unauthorized practice of law.Despite this we all know that it goes on fairly frequently.

Loan collections is very much a related issue but is usually another department as collections can be involved as is specialized as well as highly regulated.After that you'll move to secured lending activities.

Short sales is most of the activity but still has a high failure to close rate.Where are these markets where all the inventory is readily available?

Well i wish i would have taken more pictures during construction (i forget to take them every time and regret it big time later) but here are the pictures.If anyone has any questions about the process, NY permits (stress), or materials used ..im here to help.

Not to mention the stress the business puts on a person.

He's also a good family man and active in his church (I'm not religious but I can appreciate folks who have a strong sense of spirituality in what they do).So we decided to form a partnership, my first long term business relationship in about 8-9 years.

You never know when one is in a flood zone..The known flood zones are published:http://www.google.com/#hl=en&q=FEMA+flood+zone+map&safe=active

Why your accountant would change passive income from rentals to active employee income doesn't seem to make sense to me.