Instead, Michigan relies on the definition of a real estate broker and what type of activity requires a broker’s license.Let’s take a look at what Michigan licensure law says about when “owners” of real estate must be licensed:Licensure as a real estate broker is required of an owner of real estate who engages in the sale of real estate as a principal vocation, unless the owner engages the services of a real estate broker.

It's good to have a general idea of what might work, but only an elder law attorney and tax CPA that you engage will be able to give you the specific fact, circumstance, and goal based answer. 

My expertise is foreclosing so, knowing that, i engage counsel specialized in evictions immediately, if my foreclosed property has an occupant, regardless of who the occupant is.

A private party such as yourself can and probably should engage a title company to deal with these issues.

There is a difference between flipping and the accidental flip, and offer came up that was too good to be true.But someone who is flipping is engaged in a business.

@Daniel Francis   Did Quest advise you regarding exposure to UBTI taxation with the type of investments you are engaging in?  

Anyone who seeks out a borrower not personally known to them is engaging actively in seeking that business relationship and isn't a private lender but they are a lender who may be using private funds.

If you are not experienced negotiating commercial leases I would definitely engage a broker who is to review that portion of the deal.Good hunting-

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