Located SE of Tacoma Mall between I-5 and Pacific Ave.

A 3rd Bedroom is better than a se one bath.

I plan on retiring in 10 years in hopes of using rental properties I acquire as my main source of income that will enable me to still hold a W-2 job at my leisure and not because I need it per se.

@John KimThe tax rate on a short-term capital gain is the exact same as ordinary income.What you're really worried about is SE taxes.It's unlikely that this will be capital gain treatment. 

@Kendra EllisThere are many factors under case law to help determine what is an investment and thus capital gain, and what is property held for sale and thus ordinary income potentially subject to SE taxes.The preeminent factors are intent at the time of acquisition and intent while holding it.If you acquired these properties with the goal of renovating them and flipping them for a profit, it would be very hard to argue capital gains. 

This neighborhood is in the Olympia WA, 98501 SE division...super sought after for schools and location.  

Lots of people utilize an S election on an LLC which they use for flips to reduce SE taxes.

Hello everyone my name is Elmar Deshae and I'm 22 located in SE Iowa.

I'm a firm believer that your first few deals probably won't make you rich financially, per se, but definitely rich in knowledge and experience.

When I lend I get a waterfall of sorts as well but not equity participation per se.