We own a mortgage company, a real estate investment business, and a realty practice.

I plan to do my first deal in the next year or so and I want to start running numbers on properties now to practice and see whats a good deal and whats not a good deal.

Focus on learning construction sequencing and practice your negotiating skills (every phone call you make and discussion is a mini negotiation... you'll see). 

Hi,My husband (who doesn’t read bigger pockets) just told a prospective renter he might not choose her because she plans to practice guitar and sing daily in the upstairs of our home.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

It is not a  quite practice.

It could cost many thousands in attorney fees to set up a lending practice and become licensed, secure bonding insurance, create multiple entities, and all that comes with becoming a lender.

This distinction gets quite complicated in practice.  

and you get the yield.. this is standard practice.. what kind of due diligence did you do on the borrower and the collateral? 

Now I can potentially see why I got no response for days, I've tried to speak with several CPA accountants and they either: a) said something which tells me they have no idea about it and I'd be paying for them to research or,b) paraphrase...that is a dumb, stupid idea drummed up by people looking to hit you with fees, I would not take on a client who tries to do that (SDIRA) I know Maine as a state is not the most progressive but either hundreds of people on this site are in the scamming business, or the folks I have spoken to have their head in the sand....geez, if I could find just one he/she might be able to carve out a specialized practice for themselvesI get that the primary tax laws are federal so I could go out of state...maybe that is the play but if possible I would like someone close by for thoughts, advice, and convenience (not just for Sdira).