@Lotus EliI find myself asking if he is really positioned to do real estate investing?  

With your current knowledge base you are not in the position to determine the "shortcomings" of any law firm or come to the conclusion they possess a " lack genuine expertise".

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

If managed correctly, the rental income should cover your property expenses (like mortgage, insurance, and maintenance) while still leaving you with positive cash flow.

I am really appreciating that folks like you are sharing their experiences and train of thoughts, which helps me tremendously to better position ourselves at this market.

The guy I’m working with I’m nearly positive has some investments under his belt as well as one of the top agents in the state and I figured he was the main source for that but just double checking. 

I'd be happy to discuss further, but I have numerous clients that have positive cash flow & fantastic appreciation. 

Be upfront with investors and let them decide their risk level from a position of clarity.

Hire the very best people you can to advise you based on your exact situation and circumstances and then let them help you implement a solid tax strategy that makes sense for you.Regardless of your position and role, this is without a doubt one of the highest leverage activities that you can do.Remember, it's not just about what you make, it's about what you keep in the end that matters most.

Right now, I have 100k to invest, 17k in reserves, 40k in retirement and I can realistically save 30k a year in my current position (60k/yr when I am promoted in a year or two)Back to the discussion topic.