I tried attending one in my local market a couple of times but felt like I was in some hotel ballroom being pitched on how the 12 year-old kid up in front would teach us all how to run to the back of the room to swipe $10K on our AMEX for the secrets of real estate investing.

The IRS may challenge such transactions if they appear to be step transactions or lack a legitimate business purpose.Here are some things you might be interested in / want to consider:As @Andrew Kubik mentioned, since the property is now an investment property, you could consider a 1031 exchange to defer taxes.

For a true investment property, you'll be lucky to make a 10% IRR...so it would probably be better to invest that money in a 401k or 403b instead.

Wow, just getting started with INVESTMENT real estate.  

I've been investing and hanging out on BP for close to a decade now, so please feel free to reach out with questions.

That means giving up investing altogether. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Try meetup.com or google your local real estate investing groups.

I'm looking to buy houses off market for personal investments.

Quote from @Ty Coutts: Hi Phil,in Columbus, OH, some great places to network for deals including local real estate investment clubs like the Central Ohio Real Estate Investors Association (COREIA), meetups, and events hosted by real estate brokers or lenders.