Do you really believe  that someone with no capital, no experience, and limited education provided by 2 weekends at a guru boot camp is really going to be able to earn $100k annually by finding properties experienced investors spending $10k monthly on marketing to find have somehow missed, and then negotiating prices 50% below real value and flipping the properties to seasoned investors?  

Thus the $3000K interest I earned from my hard money personal loan to my investor friend is considered "Portfolio Income" and will be reported and taxed at my personal tax rate. 

Katie,I am HomeVestors Franchise and will openly admit that I wouldn't be where I am today in my REI career if it wasn't for the quality of mentorship that I have received.

I’m looking to earn a full time income from rentals/flips/etc.  

My wife and I got this piece of advice early in our investing career and, to this day, we both look at each other and say "NEXT" in unison whenever one of these myriad annoyances occurs.

Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.

I'd like to start earning some "unearned income" and building wealth.

I have been doing flips/BRRR's with my own money and would like to bring on family members to earn a return by loaning to me directly (not tied to a specific deal), at a fixed interest rate payable in one lump sum similar to a CD with a bank.If I do a promissory note through a title company attorney is this enough?

I've seen a lot of face-value high earning professionals be lousy to their neighbors over time, so do not pick sides.

I will definitely be applying everything you mentioned.When you price down during off season does it positively or negatively affect your monthly earnings ?