Put your hand by a vent on a gas and feel the heat, put your hand by the vent of an electric unit, and it barely feels warm.

Hi Josh, I'd be happy to participate.

Time spent as an employee in real property activities counts o nly if the taxpayer is more than a 5 percent owner.SECOND TEST: Does taxpayer spend more than 750 hours in real property businesses and rentals in which he materially participates?

We also started pulling up flooring that was set barely over concrete with batt insulation under it... there were mushrooms growing in the batt insulation.

Even with a cashflow of approximately $1500 a month I would barely break even with the money I put up.

What's more, comparing FSBO sales (inexperienced market participants with limited ability to market their product) to Realtor sales is comparing apples and garden hoses.

The deferral requires at least that much income, but the company contribution is based on 25% of the compensation paid out to the participant.

At 25, barely in the business, are you ready to make that gamble?

I've spent several weeks reading the forums, articles and blogs, and I feel like I've barely scratched the surface.

The difference is the amount of active participation required of the owner and the intensity of that participation.