At first, he was anxious about having multiple tenants under one roof, but with the right house rules spelled out up front, it turned into a solid monthly cash fow for him.

Since you missed the 2 out of 5 rule, capital gains taxes might take a chunk of your profits, so consulting a CPA would be smart to understand how much you’d actually keep.

In the unlikely event that you are the exception that proves the rule, the rare 18 year old who can actually generate a serious income by wholesaling real estate, your day to day will look like the following: - You will door knock, cold call, send mailers, and otherwise create lists of people who are in the most desperate moments of their lives. 

Please read the rules here.

If you choose this method you will need to learn SEC money-raising rules.

I just want to get the management side of things right if I were to commit virtually all of my resources to it.Best,Dustin The rule of thumb is somewhere between 80 and 150 units is when you will need FT maintenance (depending on age and amount of deferred maintenance). 

One can not emphasize enough how unfortunate the work product investors receive is due to huge inconsistencies and other very unprofessional basic typos and SEC rule violations that open up investors up to huge liabilities.

This would be the fourth year of two one year extensions.

So, as previously mentioned, the rules can be changed at the developer's whim.

Make sure to have clear rules in place.