@Marc Robinson some may be more adventurous than me but with septic and well I would walk awayI prefer TOH of course but with $300 lot rent and 19 occupied, utilities included in rent I would pay $400-450k for this

The government will pay on time all the time once it is set up completely.

Now, you need to figure out how to find deals and pay for them.

@Aeon Jones and @Scott Preston...did either of you pay the $4,800 (or $6,800) to Vodyssey and take the course? 

I pay about $2500 a year for each of my partnership returns with my CPA regardless of whether it’s a $1M deal or a $5M deal.I would save the partnership conversation for if and when you are doing much bigger deals.

Stefano You need a team, buying a property is the easy part.as a Foreign citizen there is a tax FIRPA that you may have to pay and is 15% of Sale price.Need an accountant, a lawyer and a relator that understands that. 

Keep in mind that you can only go up to 80% Loan To Value (LTV) on a cash out refinance. 

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

The phrase "don't put all your eggs in one basket" comes to mind.

Sometimes paying a premium on a home also guarantees a higher demand in the neighborhood and with that may come a higher demand for a rental as well.