Many syndications provide tax benefits such as depreciation, which can offset income, and some offer favorable capital gains tax treatment when you sell.Municipal bonds are another tax-efficient way to diversify, as the interest earned is generally tax-free at the federal level, and sometimes state level too, depending on where you live.

I began my RE career in 2003 during the 'boom' times as a mortgage broker.

What was your tax plan with your earnings from your W-2 job from the time you stopped investing in the 401k until you had the funds to purchase real estate?

I need to have a way to roughly calculate how much I might earn in a land transaction. 

I am extremely interested in pursuing a career in real estate.

For a family earning slightly higher income than median wages, driving to work to the city and living about 30 mins away with reasonably good house on a > 400 SQM land parcel was possible and totally achieveable.

And with a 7.75 % interest rate and after remodeling this property  it will cash flow $1,671 after accounting for maintenance, repairs, property management, capex, earning a 6.90% cash on cash return

You Want a Break From Property ManagementOwning a rental property is an excellent way to earn passive income.

The idea is to ensure every dollar you earn has a job to help you stay within your budget.YNAB can connect to your bank and other financial accounts, and your information is automatically imported, which helps you determine your net worth.

I earned good money as a server and simply used it to go on my next adventure and that was all I really needed.