My plan is to build a solid foundation of cash flowing properties as a safety net supplemented by an occasional 1031 flip to supercharge my equity (I'd rather not take the big tax bite from traditional short term flipping).

Hello BP members, I recently retired from the military and I am excited about real estate investing as a way to supplement my retirement and build a legacy for my family.

I use costs I've actually incurred on the flips I've done and supplement that information with "The Book on Estimating Rehab Costs" by J Scott - a good summary of major repair components and their estimated costs.  

Possibly through the "BRRRR" strategy.Ultimately, I want to supplement my income and have multiple streams of revenue.

Maybe it can help you supplement an income, but you're most likely going to need either some kind of job or more money to put down if you want to live off the cash flow.

(b) This chapter supplements other chapters in this title, and each chapter shall be followed to the extent applicable.

If you are going out there and buying rental properties with a target of a 12% COC renturn and planning to supplement your income with the rental profits instead of reinvesting, you might as well go put it in a mutual fund with 8% returns. 

I would like to balance a supplemental income with building wealth for the future.

Here is an example - Approximately $13,196.00 per unit x 8 Units = $105,568 to be attached to the tax bill and amortized over 30 years, making the annual supplemental tax bill increase by $3,518.00 +/-.

Originally I planned to get my license primarily to just get better return on my deals, but as I was going through the process of school for the license, I really started to get more interested in also being an agent on the side so supplement my investing income.