Just like any business, the reward is big but STR requires a lot of dedication and self sacrifice. 

This was also confirmed when I went there to submit the required documents, but they couldn't give me a proper timeline on when it would happen claiming that they were backed up. 

Once the investor reached the particular sale as well as reached the 1031 exchange requirements, the investor will have the opportunity to have their taxes be delayed or postponed until such time that the recently obtained property will be sold.

REPS requires you to spend over 750 hours annually and more than half of your working time on real estate activities.

My goal is to learn as much as I can, connect with experienced investors, and start building my portfolio.I believe wholesaling offers a great opportunity to get my foot in the door without the large upfront capital required for traditional investments.

Also there is a special tax abatement for office conversions but requires the developer to retain 15% as commercial use.So we have the option to stack them and consolidate.

The goal of the first 3 deals will be to target 1-4unit styled homes, requiring minor-rehab.

The syndications might be invested in multiple states which will require multiple state return filings which add to costs.Are you getting any consulting throughout the year?

Selling for Quality lumber requires Sorting. 

If I require a separate EIN then I would just make regular LLCs.