The money from a refinance isn’t considered taxable income because it’s a loan, not a sale or gain.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $720,000

Cash invested: $463,183

Sale price: $751,100

Pull it out over the next 5 to 10 years as you gain REI experience.  

Quote from @Jamie Parker:I got a photo with Tom Cummings, Prolly the only real value I gained with 7-8k invested in education that year.

And in fairness, not worth doing if you're not making more than that anyway.If he does something like this and it exceeds the SGA (Substantial Gainful Activity) limit he would lose his disability right? 

So if you had 3 rentals with losses and 2 rentals with gains, the losses from the 3 rentals would offset the other 2 rentals and the rest of the loss would be carried forward to offset other passive activity losses in future years if applicable.

If someone were to buy their shares, they would gain ownership of 2/3 of the business.

It is a good group of like minded investors and I think the value you would gain there would be very beneficial as you get started. 

This approach allows you to present professionally and gain valuable insight into the process, which you can then replicate in-house for your next property.

The BP forum is free and some contributors have nothing to gain and want to see others thrive.