:@Matt Ward I interpreted that as 4plex or lower, not max 4 units in portfolio.

I’ve seen the word thrown around with a few other ways but that’s my interpretation (I’m new as well).

However, investors who have never been to Baltimore tend to interpret what they learned from social media news into a negative image of the city.Next time I should definitely talk more about the huge market potential, and show them good graphics!

Please keep in mind this is a very conservative interpretation of the law here (section 469).

Even if we're not all on the same page, it's good to see the range of responses and interpretations of not just what my legal obligation is, but also moral obligation, which is why I included "morally and legally" in my original post.FYI, the gas is still out and I expect it will be back on Thur or so. 

However, two of our neighbors had the exact opposite interpretation and they were not happy when we started to rent out our house.

You don’t have to provide property info, photos, floor plans, etc. in order to run afoul of more recent definitions (or interpretations) of “real estate brokerage”.Wish I could be more definitive but this requires local research.Easiest way to minimize this concern would be to assemble a solid list of buy and hold or rehab investors in the area. 

Account ClosedWhat you read is likely a specific interpretation of the line between regularly conducted business and a one-off or seldom made investment.

High end property/seller gets a high end look from me (or my interpretation lol).

You opine that Financial Freedom as defined on Biggerpockets is antithetical to your interpretation of the portions Gospel that you cite.