I had spent about a month, part time, working on this wholesale deal that yielded me $5,000 and I spent 6 months grinding full time at my corporate job to yield me $9,000.

However, the credit is limited to the amount of U.S. tax owed on that same income, so it doesn’t always provide full relief.While short-term rental in a foreign country could be a great investment and cash flow strategy, investors need to be aware of the limitations when it comes to tax planning.

Had I not scrutinized the details, I would have unknowingly paid more than I had agreed to.This experience was costly and frustrating, and I urge all potential borrowers to ask for a full breakdown of all fees and interest components before committing to any loan.

Quote from @Kaushik Sarkar: Hi,I am looking to invest first time with a turnkey developer,  who is buying the land and building a multi unit commercial retail center and some apartments.

If at some point it just takes too much of your time or energy you can always turn over to PM to manage.If you think you will buy 4 this year, then that might save you enough money to buy a 5th.While I think it is great to have plans and goals, I will say most of my good and active investors target one a year. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

The idea is to not "wake sleeping dogs" and while at the same time not having issue on my next purchase. 

Best Sellers to TargetThis will make deals more difficult to come by however, since many sellers may opt to wait until interest rates decrease and cap rates follow suit in the coming years to get a higher price on their properties if they are not being forced to sell at this time.

Curious why any tax pro would argue with that.If filing state tax returns did not take any time or money, then there is no harm in filing them.

I've got a little time to figure something out but not much.