My wife thought I was bad.Since you're not taking advantage of the favorable tax treatment for "flipping" your primary residence you'r paying a bit too much in taxes.

I'm still building my team but am looking to invest in the next few months.

i have no idea who the Cozza team is.

Miami FL real estate market conditions have been less than favorable lately if you are a seller in Miami.

He wants to charge the Manager full market rent.I did some research and discovered that the California Industrial Welfare Commission says that a Manager may be charged up to 2/3 the fair market value of the unit but, in no event, shall it be more than $381.20 per month for a single employee or $563.90 for a management team (e.g., husband and wife).After further research, I discovered that there are actually two (2) exceptions to this rule, which are as follows:1.

How does one "create" a real estate team ?

Do your family a favor, wait until you have done your first deal and gotten paid for it...then tell them how they can to, you will be GLAD you waited.Dan

So basically I am a handshake investor, uflly equipt with a great legal staff and CPA team.

It will depend on the Investors specific situation.Always Seek Advice of Counsel; Build Your Technical TeamWe always recommend that Investors choose a team of experts to help advise them in building their real estate investment portfolio.

If this is true that shows how critical building a team is.