@Delshon Chestnut, there are several experienced CPAs who are active participants on ths forum.

I haven't focused much on investment property in the past, and I am seeking opportunity to drastically change paths into this arena now.With that said, I was negotiating a deal with a seller recently, and then halfway through the negotiations he said a hard money deal wouldn't work out.

What type of job opportunity are you seeking?

After 5 years running my family foods company, I am looking to get into the real estate side of things.  As a newbie, I am interested in gaining experience under someone with plenty of it (via partnership or employmen...

@Eric Horton you should always form an LLC before conducting business or at the bare minimum seek out legal and accounting advice as to what would be best for your situation.

No unfortunately not, if your main source of income is active real estate investing and doing numerous deals per year, then its considered income.

@Damian Williams  I'm also new to the real estate investing world and have found the local REIA (real estate investment association) a good place to begin networking activities (per @Alex Tahnat 's suggestion above).

Wholesaling would be considered trade or business and income from an active business inside of an IRA will be subject to Unrelated Business Income Tax.

We're up to around 7100 single family homes currently active on market..  

I had a couple commercial properties pop up on my radar in Littlefield, Tx. that may be a good deal. Seller is older, and is willing to owner finance. I don't have access to comps in Littlefield, and hope to speak to ...