As I'm in talks with the oil company that currently owns the land, what questions should I find out from them that would help reduce any surprises?

Just imagine reducing your living expense, owning an asset, and having your tenants pay the bulk of the mortgage, then repeating this a few times over all while every year the rents go up.

These expenses would lower your taxable income and further reduce your overall tax liability.

This is earning it.

If were to fund 10 deals a month, I could theoretically earn $30,000 a month at $3000 per $100,000 transaction.

For example, if your rental generates $25,000 in income and you have $10,000 in depreciation, it can reduce your taxable rental income to $15,000.Happy to discuss this further.

We won’t make a loan unless we know the borrower will earn a fair profit.The math works regardless of location or strategy, @Drago Stanimirovic.

Just like anything in life.Once you have made the decision, this is what you want to do.You need to have tunnel vision on your goal.If your saving up for a down payment, work an extra job, side hustle, reduce expenses, whatever.Finding cash flowing properties is not hard to come by, your first property does not need to be perfect or give you the absolute best return; you need to acquire it as soon as possible to start the compounding effect.Hope that helps :) Lets get to work

**Depreciation Recapture**: Because you've rented the property, you likely claimed depreciation, which reduces your basis.

Don't let fake real estate gurus pocket your hard-earned money.