I played Kiyosaki's Cash Flow 101 Game this weekend with 3 new Mentees of mine.This is seriously not just fun, but really good for learning and mindset training.If you haven't played this game - you must. 

And you would get to indefinitely defer all tax on the gain from the sale.

Nobody watches your money like you do, you'll learn how to manage, so you can manage a manager later and you'll save precious early-years cash flow, which allows you to scale faster, especially in the first 5 years.

If you're running a fix & flip business, you'll eventually want to learn how to estimate repairs and independently prepare a scope of work.

In California there is $800 franchise tax per LLC per year, which discourages a lot of RE investors from getting an LLC.

That's $1,600 per month plus to pay debt, plus at least $400 in taxes and insurance.

I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

Thanks for readingDavid $250,000 tax-free?

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Nights, weekends, holidays, etc.To keep this on-topic, though...DO figure out what's healthy for you to manage but remember it's a process where every experience teaches you good and bad (and be patient with that process).DON'T sweat the small stuff (damage/costs under $50, undisclosed dogs, etc.) but DO find a way to learn, prevent, put in better practices to maintain your sanity.