I would highly suggest that your father be present with the prospective applicants. 

He offers a 90 day money back guarantee so long as you submit at least 1 note each month.  

These rules restrict the amount of passive activity losses that can be deducted against other income for taxpayers with high incomes.Form 8582 is used to calculate and report passive activity losses and credits.

Since the the housing market has appreciated so rapidly over the last few years, the wholesale business margins have gotten very thin and will continue to get thinner within the next year or two.If you want to start wholesaling properties with a lot of meat on the bone (profits), I would suggest looking East and Inland towards some of the areas where the affordable housing has shifted to such as Inland Empire, High Desert, Coachella Valley and any other markets that always tend to ride on the coattails of the Metro markets such as Los Angeles. 

@Minho LeeA couple of things to consider, if you are looking at Shrewsbury, Grafton Worcester etc, These are pretty high growth markets from what I understand although I'm not in that market I just have family there. 

For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?

@Haylee Moore I highly recommend Jake Trimble with Brightway Insurance.

Being a local company, providing quality housing and great service is very important to us. 

Some trends I have been looking into are modular built homes, uses for small offices in the suburbs, and MTRs in high demand areas.Interested to hear what people have seen!

21213 fluctuates for asset quality.