Spend more than half of your total working hours in an RE business in which you materially participate.2.

First of all, do not take any money out of the business, because you will need it.

Of course we all have to start somewhere but I tell everyone I do business with regardless if it's with me or someone else I always recommend them to build a portfolio.

The local economy seems to be centered around these types of businesses. 

It would for sure have to be a higher hourly rate than a typical W2 job however as agents are 1099 contractors and there are expenses associated with maintaining our licenses and operating our businesses that usually come out of our commissions.

But he told me his job was to make those who worked for him to enable them to move up the ladder and in my business he said my goal should be to help your clients become millionaires and they will drag you along with them. :)Thanks for sharing this success story, Jay.  

If I'm staying one night somewhere, a quick business trip or something into Denver to show clients homes, a hotel is my choice.

And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

According to the Planning Board, the intent of the RM-2 Zone is to create, maintain, and enhance residential areas characterized by a mix of single family homes, duplexes, townhouses, small multi-unit buildings, and neighborhood businesses where appropriate.I'm assuming by definition I am zoned to convert to a triplex?

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.