It can mean being an affiliate service provider: GC/sub trade, sales broker, debt provider/capital markets, property management, real estate attorney, real estate focused tax professional,  etc. 

And then buy a few SF homes in good school districts, probably outside of Milwaukee County for lower taxes.

I've never been amenable to systems that insist on a monthly tax on my business.

Endless Prop Tax Housing levies to pay for low income housing.

You take all of it but make sure you put 25-30% of it away for taxes.

Quote from @V.G Jason: Organize taxes and eat better.  

Heir, preforeclosure, foreclosure, divorce, absentee, rundown, can't keep up with maintenance, overdue taxes and liens, the list is endless.Don't try to force an offer on them, get to know them and keep following up.

And if there is a "why" then the 1031 is what you want to use to get into a new property and defer all tax.  

Every deal is different, and every person is looking for different marginsAfter Repair Value (ARV) - Rehab Costs - Purchase Price - Fees (holding costs, closing costs, selling fees) = Net Profit (before taxes).Are you ok with the net profit based on how long it's gonna take from start to closing? 

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod