Assuming you are managing to accomplish your goals while still working why give up your W2 before your investment annual income surpasses that of your full time job.Working wages are easy to come by, are risk free and usually require little brain power to accomplish.

You never want to hold properties in a down cycle because you're going to lose equities as the market falls that will far surpass your cash flow.

He will help you get your deal closed and surpass any hurdles.

Vaishal Patel,If your income is below 100k you will be able to take the deductions; however, once you surpass 100k you will not be able to take them due to not participating materially.How can you show material participation if all the management work is done by the property management company?

We set a big goal this year and not only did we reach it but surpassed it by almost 60k.    

I have no doubt that with the support of this community that you will be able to hit your goal of 1 flip this year and even surpass that.

Also, surpassing the 5 year timeline doesn't prevent the lender from foreclosing, they simply can't collect on interest/fees older than the 5 years.

I bought and devoured Rich Dad Poor Dad, and now I'm hooked on the idea of achieving financial freedom through getting our "asset column" to match/surpass our "liability column."  

Long term, my goal is to have my investment income surpass my W2 income and focus on RE full time.Feel free to reach out.

My first question are you ready for the repairs that will surpass that initial $2500?