You shadow or mirror someone who is successful in the aspect of the business, and finally you assemble a team to help get you there.BiggerPockets and these meetings will help you to start learning the various aspects of the industry whether it's property management, flipping, rehabbing, etc.

Not everybody needs a thousand units and 10M a year in income so the need to leverage everything as hard as possible to reinvest is simply not there and would not make sense.Again, I'm not saying your wrong, I'm just saying maybe lay off the absolute statements and derogatory remarks towards those that don't agree with your approach.

The analyst above misapprehends many aspects of our business and finances (as demonstrated here and elsewhere).

I find that remarkable.

I work full time as a Detective and enjoy the long term aspect of REI (Buy and Hold - Rentals).

However, this is assuming that your records are clear and organized, and given to him in a timely manner, so that he's not rushing or confused about what you've presented him.When I work on complex returns, I start with the headiest pieces first - the aspects that I know will need the most attention and will likely be under the most scrutiny from an audit perspective.

Thanks, Thomas, didn't think of that aspect.

They offer free consulting sessions on all aspects of starting a business and can steer you in the right direction re: grants.

It depends on whether the House or Senate win out on certain aspects, but it could be good for investors.The House bill taxes all passive investments at 25% (rentals are considered passive, unless you are a real estate professional as defined by the IRC).The Senate bill gives a 23% deduction on the flow through income of sole proprietorships, LLCs, and S-corporations.There is a lot more to all of this, but those seem to be pretty good changes for investors.

Make sure your insurance will cover you in this aspect, some carriers do not (they'll cover everything else, just not the pool).