Flipping of course can alleviate some of those concerns, but long-term wealth creation for most people will be done through long-term property ownership (some of our students at FlipSystem who have had success flipping are now using those profits to roll over into long-term rentals as well so they can benefit from some of the tax benefits and appreciation of property ownership).A collection of 3 properties, especially 2 in the Bay Area (I’m assuming those are definitely not cheap), is an amazing start to a portfolio!

However, each BP member needs to follow their own personal conviction regarding their risk tolerance, and put the mechanisms in place to alleviate that risk. 

I am willing to assist with research, analysis, and any tasks that can alleviate your workload or contribute to the success of ongoing projects.

Great communication doesn't make up for a terrible space, but it goes a long way to alleviate any issue that might crop up.

Ask me in a couple years and who knows how I'll feel lol.Dealing with that many different people who are renting the property can be exhausting at times, but putting good systems in place really helps alleviate most extra work and stress.

You and your fiance can do it together over and over (as long as you financially qualify and fit the guidelines)Hope this alleviates your concern!

Having a solid plan in place will help alleviate some of the fear and indecision you are experiencing.

Disrupting the industry and offering low income housing to alleviate the nation's housing crisis?

Thought I'd share my experience with insurance covered housing (not ALE Solutions directly) to see if this alleviates some of folks' concerns. 

Now I just need to grow out a long, white beard ;)It's tough to say for sure without analyzing all the details but it's likely that filing Form 3115 with a positive 481(a) adjustment is the way to go.Hopefully, this would alleviate any requirements to amend any prior year returns.