That way you can make sure it meshes with your internal system before the headaches start.  

My vision is International,  so I am excited at the knowledge I will gain and so looking forward to the real life experiences of Profiting from Real Estate Investing.

[removed for clarity]Trade or Business Activities A trade or business activity is an activity that: Involves the conduct of a trade or business (that is, deductions would be allowable under section 162 of the Internal Revenue Code if other limitations, such as the passive activity rules, did not apply), Is conducted in anticipation of starting a trade or business, orInvolves research or experimental expenditures that are deductible under Internal Revenue Code section 174 (or that would be deductible if you chose to deduct rather than capitalize them).

Your particular situation may vary and I suggest you consult with both a CPA and maybe a CA who is well versed in international taxation.The first issue is that, if your wife has maintained her US citizenship or if she has dual citizenship, US tax law is such that you are taxed on your worldwide income.  

I am 21 years old currently working on my bachelors degree in Finance at the Florida International University.

I am 27yr old, currently working in outside sales for a international shipping company. 

I actually know many students that commute up to an hour every day just because of the housing shortage...ok I think you get my point, there's more eager renters than there are rentals.As a public works employee and resident I spend a lot of time driving down every single road in town...over and over.

That is where I learned how to correctly utilize their books (later the disc and now the cloud) and doing that gave us accurate numbers long after I taught employees how to use the system and no longer did appraisals myself.Rishel Consulting Group were one of a group of select Beta testers on their new system they rolled out a couple of years ago.

Full time student / agent / office max employee / umpire - referee. 

If an optionee is required to do anything to maintain the right to purchase, such as pay rents on time, you don't have an option, you have an installment sale or a sale contract.The heading of a contract at the top margin does not define what type of contract you have, you don't just declare you have an option, the intent of the contract and the terms will define what you have.The intent of a sale is spelled out in the Tax Code with the IRS, it is based on international accounting requirements, look up asset recognition of real estate options.The IRS is not some lonesome dove, all agencies under the Executive and Judicial Branches work in concert, in other words, if the IRS determines requirements all agencies and courts will utilize the same requirements to make their determinations.These "intent" rules go into effect this year, 2016.