Real Estate investing is all about timing, recognizing market trends, knowing when it's too late to catch the incoming wave, and when it's too soon to paddle into the next one.

The land purchase is matched with the land sale, so you declare the income and then recognize the costs all in the same year in which the property sold.

I mentioned "David C. from Hillsboro" but he didn't recognize you without your last name :) 

Mailing them first will get you a better result when you door knock also because they might recognize you/your company/your name when you do come to the door.  

For me, when I got started it was a) access to cheap private capital (family & friends), b) a willingness to house hack and live with roommates, c) location in a city with a cheap real estate inventory, and d) a friend who was also investing and could help me with some contractor contacts.Yours will be different, for example maybe you know a certain area of the city very well and can recognize underpriced MLS properties, or you have the time to send out direct mail and take phone calls, or you have the temperament to knock on doors of potential sellers, or you are very handy and can save money on the rehab, or you have a very long-term investment horizon so you can buy in marginal areas, or you love networking and can convince someone to JV a deal... you get the idea.  

The important thing is to learn how to recognize a good deal and always be on the lookout for one as you build up your assets and your network - this way, you can be ready to strike when the iron is hot.

You are definitely smarter about this topic than I am (being a CPA), I just didn't recognize it as tax fraud. 

I am not an agent, but I recognize that real estate agents play an important role in the stream of commerce. 

So your still going to need some money, and this come from you or from a partner or both.The important thing is to learn how to recognize a good deal and always be on the lookout for one as you build up your assets and your network - this way, you can be ready to strike when the iron is hot.I hope you find this as insightful as I did!!!

My attorney said that Series LLC's are not recognized in Minnesota.