Our mls listings have two sections, one for the public, and one for only professionals. ofgift

But the prosecutors at the department of professional regulation or someone sueing you for it - which like the others say is unlikely, to which I agree - can probably get you with the technicalities of the law.

SoBeRei,I would strongly suggest consulting a tax professional.

I've heard being classified as a "real estate professional" (ie 750 hour test) will avoid cap gains tax.

Hell, I've been an independant consultant for 30 years.My point in criticising the MLM "foreclosure help factories' is that in my professional experience (investigating allegations of predatory practices for the Mortgage Bankers Association, Washington DC, and serving as Plaintiff's expert on mortgage loan servicing in several Federal Bankruptcy Courts, plus running my own NonProfit preforeclosure counseling org for a decade) is that the offer to "help" evaporates the instant the so-called services provider realizes there isn't a buck to be made.... leaving the distressed homeowner in worse straights.If you are an exception to the generalization, that's great as you are one less businessman in need of oversight.

Yes I am a professional and damn good at what I do.

Believe me, there are "professional" deadbeats that know how the system works, and will move in for nothing, play you, and end up with six months of free living.

Be mindful of title seasoning issues specific to the lender you work with; a majority of conventional lenders require 12 months, but there are a handful of cos. that offer <12 months/< 6 months/no title seasoning to address this component of your plan.

Place in the lease the requirement that the carpet be "professionally cleaned" because they will show up with a Walgreens do it yourself machine.

Does it add some needed professionalism?