It's the murders, drugs, rape, car jacking, home invasion type stuff that can be more alarming as a percentage of police calls and activity to an area.

Avoid anyone with sex charges or with anything violent in their criminal records....no matter how long ago they assaulted someone or with drug charges. 

The costs of the buildings there are pretty low, it is infested with a lot of drug users so your PM has to be on their game.

If the government decides that whatever money he puts into the deal was gained through illegal activities (e.g. drug dealing, extortion, etc), they can seize those funds - and I guess any assets he acquired through their use.2.

Hi,I have a question that boils down to whether I would be classified as a "dealer" or "investor" in the eyes of the IRS...

The only 2 violations you can say no without cause is drug trafficking and manufacturing.

He explained that the reason because of his drug addict son.

@Jay Hinrichs  Yea in WI the rule is 3 transactions in 5 years or 5 in 10 years creates a track record of being a dealer and under WI law you need a License for more than that. 

The issue with doing too many flips (as an individual or an LLC) is that the IRS will attach a "dealer" status to you and treat all of your investment properties as inventory. 

Hi Everyone -I am looking for a good counter top dealer (i.e Quartz, Marble, Granite) in the North Jersey area (perhaps in Newark?).