My goal is simple: once we secure a deal, I buy directly from the seller with cash, and you earn a fee.Are these kinds of arrangements common?

Chapter 11, "Hone Your Skills" section has this practice question: "What is the IRR of an investment that costs $75,000 up front, earns you $22,000 per year for four years, and then generates $115,000 at sale?"

And while you are out doing door hanger, you can scout out vacant properties, and start your investing career with a wholesale.If you want to be an investor, I would get my real estate license.Hope this helps.

Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.

Describe 2 of the most interesting aspects of your career or experience:1.

Daily finance reading is boring.Want a successful career?

Our latest case study revealed that our owners achieved 35% higher occupancy and earned 35% more annually by implementing our recommendations.Right Now, there is an Amenities Arms Race. 

It’s also worth checking if there are any incentives, especially for first-time investors or through FHA (if house hacking).Final Thoughts:A 5% COC return isn’t the highest, but if you see potential for appreciation, rent growth, and forced value through renovations, this could be a good deal to launch your investing career.

Your focus should be on avoiding loss, not earning extra.

The part about common sense going out the window when taxes are really high I have experienced first hand and in my prior career in tech personally did.