Good point Ellie, passing the income stream through an IRA would be one way to defer the taxes unless it is a ROTH IRA in which case it would be: skip taxes.For future properties the IRA route would not be an option.

I watched 40 hours of videos.

Hey what do you know #AskBP just did a video on this :Dhttps://www.youtube.com/watch?

I am cautiously excited because of course I want to "get my feet wet" in the business, and this might be a niche for me since I have no money yet (but a full time job with a steady stream of income).We also have the option to live there for a few months to save money.  

http://www.wegolook.com will take video and pictures of property for $58.  

Kristine Marie Poe  In CA that is true.. starting here in the northwest but northwest has been a 18 to 20% apr market for as long as I have been doing it here  ( 1999)  and back in the 80's in Oakland we were 4 or 5 and 15%  but we also did a lot of seconds.. ( which there is not much of that activity today)When I have spoken at some REIA events I always start my presentation with 2 questions .. who are licensed RE agents or brokers ( half or more of the room raises there hands) then I ask how many are private lenders well another half or more of the room raises there hands.Deed of trust lending on or Mortgage lending depending on the state has come into main stream..

The seller might be very receptive to turning an income drain into an income stream even if they lose appreciation potential. 

The other is showing your last paystub from 2014 and 2013 as this will prove that you have been receiving this income stream for 2 years.

I've been a stylist on  music videos, a fashion editor in LA and in my last in-house job I was creative director of a small men's line in Orange County.

Atlanta Video Market UpdatesI look forward to meeting you in person and networking with you here on BP!