Of course, the buyer could lose their job, but the spread between cash vs. mortgage has to be more than most people think.

We used to do all the qualifying as agents, push the loan officers who didn't want to work to get the job done, give comps to the appraisers etc. etc.

Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving my real estate portfolio (which is managed via a property manager) qualifies me for REPS status?

With a portfolio like this, and a good job, you could be able to save up $48K reasonably quickly - perhaps faster than the 2-3 year time horizon you post here!

 I began flipping houses in 2022 and left my 9-to-5 job last year to pursue real estate full time. 

Most of them I did the marketing myself and some years I spent more in marketing than some people make from their day job for a year… 

They saw ahead that these jobs take a toll on you so bought RE and now live off RE in one form or another.

Discuss the jobs/responsibilities that an experienced project manager can log during the construction and marketing phase of a STVR.

I've got a job posted now on upwork.

Once you have experience and learn to budget for occasional big ticket cap ex items that every house has whether it’s 100k or 1M, it becomes really hard to make any profit.