I recall my econometric professor of mine saying if anyone claims to have a forecast of more than a year their either a fool or a liar errr rating agency.  

Now you sound like my stockbroker-- or my old finance professor! 

He was my marketing professor in college...very smart guy.

As a dealer you'd pay "social security and fica" 15.3% on about the first $75KHowever, as one of my accounting professors always said; "earn the million first, it's a great problem to have".all cash

My mother was my first mentor then, it was one of my college professors, who I still keep in contact with, today.

I am a Freelance Writer and Adjunct English Professor and would like to supplement my income while still having a flexible schedule for our family.

I joined Bigger Pockets because I want to learn more about real estate from active, experienced investors, not just professors. 

Well on the eastside where Mr Taylor is talking about are lawyers, doctors, college professors, mid to high level executives, and athletes ( Packers / Brewers / Bucks ).With that said, I believe its resident living versus vacation property.I would suggest you have a list of completed work to property for the appraiser.www.biggerpockets.com/forums/67/topics/81768-how-does-an-appraisal-get-above-compswww.biggerpockets.com/forums/67/topics/78936-what-the-heck-is-going-on-with-appraisers

Without turning into an Econ Professor, make sure you are tracking both. (4) Have an exit plan - If you know how you want to exit the deal, that will help you.

If I were in your shoes, I would go to work for a successful developer and learn from someone that is actually in the business instead of a career professor who probably can't use a tape measure.