When a tax-exempt entity engages in a trade or a business on a regular or repeated basis, UBIT applies.  

You would then be trading happiness for money, something I don't think any of us would advise.On the flip side of the coin, if this is something that you're passionate about, and will bring you fulfillment, then you cannot let your spouse stop you.

You have to honestly ask yourself if you have the knowledge and skill set to pull this off at this time.

Does she know that in NJ for foreclosures that trade at sheriff's sale auctions, these are the requirements:1. cash only-no finance, 20 pct down at time of the auction2. as-is transactions3. no inspections4. no viewings (unless it is also listed as a short sale at the time)5. you are responsible for holdover tenants and holdover homeowners6. auction docket is not fixed, most properties get continued between 4-8x before selling at auctionThese are just a few of the pitfalls with buying foreclosures to live in.

History, my current Networth/ money coming / and saving) and see what theyd do to start in my shoes..Id Also be open to a "pertnership" in the future that Utulizes "my Skills" with Their Experience and knowledge.If you think you can help guide me in ANY WAY..or may be interested in any type of Mentoring/partnering/Trading of work and Real estate investment opportunities id love to start speaking with you.thx

Hello, I'm a Software Engineer and Options Trader, I first got into investing about three years ago when I started learning how to trade options.  

Marketing is crucial in just about every trade.  

Perhaps you find one that is not a shark and really likes you and agrees to help, maybe after you put in the time and effort to earn their trust they let you work for them, or maybe you have another skillset that would be useful for them you could trade in exchange. 

If you have low credit and savings, I recommend you work on improving your budgeting skills first so you can save more cash.

The partners are the skilled craftsmen that we invite to become full-time owners of the company in exchange for their services.