Many old (Queen Anne, Second Empire, Victorian, Edwardian) buildings around here are still lath-n-plaster finish on the inside (making internal demo and insulating from that side a little messy).  

Does Cal operate in a similar fashion ?  

In such a case where a tax-exempt entity is engaging in a trade or business in a fashion that competes with tax-paying commercial interests, there is a tax known as UBIT that applies to the gains.  

I'm a Marketing student in Lawrenceville, GA in search for a position to intern or shadow an active REI person who may want an assistant.I have a real estate license but my end goal is to invest in real estate so I'm thinking maybe it's better to jump into learning rei than spending time in an agency.

That all went as planned, my confusion is the expense and write off portion.It is pretty easy internally to track the numbers on my own P/L.

I plan to do the obvious, which is look for water damage, major cracks suggesting internal or foundation problems, termites, etc. but would love to hear what others have to say.

It more requires an owner to occasionally check up on the property (drive bys and annual inspections) and be available for repairs in a timely fashion and have the network to respond to emergencies if you cant.

@Niti Palak I know Caliber Home Loans here in Texas/Louisiana has a portfolio product that they hold internally and does not count against your 10 limit.

I also contested the "drive by" BPO since the report compared my property to those that they had internal knowledge of (improvements).

I associate with an international brand and it has worked well with our foreign clients.