@Brandon Davidow I think the best advice would be two fold.

When everyone else around you folds and all your circumstances crumble, you can dip into that well and pull out what most have never experienced.

You could start off by investing in high appreciation assets like developments to scale your wealth quickly, and then fold your portfolio into cash flowing investments as you're approaching the net worth you want for yourself.

The reason I suggest this route is two-fold, one the owner really has very little risk, if you default they are in first lien position and can take the house back. 

All this can be on the job training and will increase your knowledge 10 fold.

In 2012 I made a career change I always wanted to make and became a Realtor and real estate investor.After following (and benefitting from) Bigger Pockets for several months, I decided to officially join the fold.

The initial question I think would be two fold, was the value reasonable based on the transaction and secondly, is the depreciation method use consistant and properly applied to the property......if the answers are yes to each I doubt you would have any problem.And yes, you want to depreciate improvements usually, unless you want to write off less at the sale and that depends on holding time and just muddies the waters....

But I don't really have connections or a lot of experience the real estate industry either.The problem I see at this point is two fold: 1.

Be sure to hand write the message, then fold it in fours with the message facing inwards.

Also going through good and bad economic times has helped teach me when to hold em and when to fold em.Will- I 'll always be the first to 13, 000!!