@William Samuel CravenI am a CPA and I will make the argument that a CPA can prolly be one of the last members that you need to find on your team.I would suggest first finding an area that you want to invest in.Then find professionals who can help source you deals if you can source them yourself(Agent, Wholesaler)Simultaneously, find a lender who you can work with who can provide you an estimate of your buying power.Then comes the property management team / contractorThen after that i think should come the attorneys / CPA's.Best of luck in building your team.

You can start the deal search process simultaneously with finding a PM but the PM will be able to help a lot with local market knowledge.

Then you get the best of both worlds - you hold onto your fruit tree while simultaneously using its fruit to grow more trees.  

As I understand Real Estate arbitrage - it is the strategy of purchasing an investment property with the aim of simultaneously or a short time later selling the property for a $ profit.And that there are three common strategies:1) wholesaling2) flip3) master lease agreement with a landlordAre there others I am missing?

You will get to simultaneously learn the business while making contacts with the important people in the local market.   

When I was down there 3 wks ago it was absolutely incredible to see how many places were being built simultaneously.

I LOVE HELOCS as a loan strategy if you don’t have the cash to put 20% down and want to avoid PMI and higher interest rates, because you may be able to put 10% down and then simultaneously take out a HELOC for that 10% (instead of a second mortgage, since the introductory rates are much lower), so your first mortgage is only 80%.

In driving race car (Pro-Stock) you use BOTH feet, simultaneously, one on break, one on gas, both at same time.

Equally important is simultaneously purchasing a new home and getting us moved to begin a quick flip turn around on my current house.

How are you living in a unit while simultaneously renovating it?