That kind of learning experience is invaluable as you start to grow your business in REI.I wrote some great blog pots here on BP..The Ultimate Guide to Real Estate Marketing: 10 Tools to Generate Unlimited LeadsHere is another good place to start by reading some top blog posts here on BPhttp://www.biggerpockets.com/renewsblog/author/antoniocoleman/

Be prepared to weigh all of the parameters.The balloon is a tool that you need to use as safety net. I

Within 1 year of creating my team my goal is to make 1 million Net. I

Sometimes people may work in many states and will be required to file tax returns for many states.Real Estate Real estate is a common way to create a presence within a state that will mean filing a state tax return.Lottery or Gambling winnings There are any number of people surprised to find that they owe not only the feds but a state for winning a state lottery, winning the pot at a casino in another state, traveling to a game show and winning a prize.Business Income This gets much more tricky.

Once these big boys figure out it not as easy as it looks, I will be there with a big pot of cash buying them to unwind their positions.

I'm new to BP and this is my first reply pot but I agree with @Joel Owens.

Chris can definitely help with residential investments in Memphis.It all depends on what you have to invest and returns expected.If you are sitting on 300,000 cash and up triple net is a great way to land an annual 7 to 10% return with mailbox money.No roller coaster as you call it and worrying about (tenants,toilets,termites).Everything has risk but triple net is about as hands off as you can get.If you have limited funds to start and are trying to grow for example 100k into much more at a fast clip you will tend to take on riskier investments such as value add,cash flow more than appreciation properties,flips,wholesaling,etc.For that extra return you will have more of a burden to deal with.So everything is a trade off and you have to find out what is right for you.

Anyone with the financial savvy to accumulate an interesting pot of cash is savvy enough to know their money is worth more than bank rates.If you're looking for 30 year fixed rate real estate loans, you really have to be dealing with banks.

It's all about how you were brought up.The kids and even adults today about 80 to 90% are in jobs because they do it because they have to and want to leave as soon as possible.My first job I was 14.I wanted a Tandy computer from Radio Shack but my dad said we couldn't afford it.So being a kid walking around my subdivision there was a fruit market right across the road.I went over and talked to the owner and was hired.I walked back home and told my parents I got a job.The work was very tough but we had a bunch of fun.Didn't have a fork lift so they would back up a truck and we would unload potting soil,wheat straw,pine straw,pumpkins,watermelons,flowers,bags of rocks one by one onto the empty pallets on the ground.When the food truck came we had one manual hand truck.Being the job was considered agricultural I put in sometimes 60 hours a week and I loved the checks as a kid.I bought that Tandy computer.I remember that the salesman at Radio Shack gave me all the reasons why nothing would ever go past 512 kb.My next job years and years later was as a Kmart cashier.I loved being in the air conditioning but the other kids complained the work was too hard.I saw it as a gravy train job that was so easy compared to what I used to do.Many people of today want 100k a year jobs but do not want to put in the work.There are many low income jobs being created but that doesn't motivate people to work.If you have a kid on welfare and you go work part time then they deduct what you make off of that amount so there is no point in working many say.If you get 10 an hour but all of that goes to childcare and they tax you on the income then many just stay home.So the government can't expect to fix the system the way it is right now.There is no motivation for people to work low income jobs when they can make the same unemployed off of government programs.

Her net is $480.