Hi Don,I appreciate the explanation, I thought that might be the case with the other owner/landlord that was mentioned. 

I have read numerous times that you shouldn't invest in California real estate (you can buy 4 properties in the midwest for the price of 1 in CA) and that you should never invest in a city that has no industry or a declining population.I live in the mountains of Northern California, very "middle of nowhere".

Going full-time with numerous clients is a different beast when it comes to marketing, etc, but it doesn't sound like you necessarily want to scale that side of things.When you add in the fact that I was able to save 2.7% on the acquisition price and 3% of the re-sale price on every rehab project we completed (30+ properties/60+ transactions over 4 years), I came out way ahead.

Additionally, funds that reside in someone's individual bank account do not need to be sourced after 60 days*.As an explanation, a borrower would need to show two statements with the funds present subsequent to the statement where they were deposited.

I listened to his long winded explanations of what was going on (he lives alone) and told him I recognized I'm hounding him as we talked 1-2 times a week but I hope he understood which he did. 

Gain is allocated to nonqualified use by multiplying it by a fraction, with the aggregate periods of nonqualified use as the numerator and the total period the taxpayer owned the property as the denominator.

It also has numerous benefits like low CapEx and Repairs.

There are numerous Meetups in your area that you could attend that would help. 

Hi Joseph, I don't have a property yet, I am focusing my energy at the moment on building my infrastructure.I will try to open an account through Israeli accountants as you suggested and as others suggested to me as well.Thanks a lot for your answer and for the explanation!

Some of your questions were very braud and would require a much more in depth explanation or even a book to answer.