Growth and positive cash flow.

Alternatively, you're a 5 minute drive to the resort.

You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this. 

I look forward to helping others achieve their real estate dreams while continuing to grow as an investor myself.Eric Welcome back to BP Eric and congrats on your growth!

It varies, but when retainage exists that will drive up the cash to continue to advance the project because borrower won't be receiving draw releases equal to their outlay. 

A more accurate way to describe it is "I received no income" - because you can have deals but still have no profit if your expenses are greater than your income.If you were actively looking for deals (and can document it) - as opposed to merely planning to start later - then you file Schedule C and claim business expanses such as marketing, driving, technology and so on. 

I am considering going outside DFW for my next investment, but not too far (at most a 2-3 hr one-way drive from Dallas).

Extending and expanding these credits could be a huge step toward addressing the affordability crisis by boosting supply in struggling areas.It’ll be interesting to see how Scott Turner builds on his past work with Opportunity Zones to drive progress. 

That would totally drive me crazy.

Close to Rellis and the job growth in what the City of Bryan is calling the Texas Triangle.