I decided to SPECIALIZE, to the EXCLUSION of everything else, one ONE PROPERTY TYPE, in ONE GEOGRAPHICAL AREA.

To "soften" or reach a compromised we agreed to ONLY have $30K of the $60K in funds be considered "OPTION CONSIDERATION" funds (giving us the EXCLUSIVE RIGHT to buy the property at the $300K Purchase price) and the OTHER $30K of funds would be STILL be given to them but we informed them that it likely will be consider TAXABLE INCOME to them.  

If a new investors constantly pesters about fees, an off market agreement (not exclusive) or something then they probably aren't that serious.

Since there will be many investors who are not willing to sign an exclusive agreement I suspect we will start seeing realtors rewriting the contract so that they get paid by the hour rather than by commission.Has anyone else experienced this?

Dedicate one checking account and credit card exclusively to real estate.

How much will end up coming out of your pocket will ultimately depend on the coverages and exclusions you have.Good luck.

It sounds like you might not qualify for a 121 exclusion, where you would have needed to live in the property for two out of the five years of owning it. 

In regards to the sale of their homes, it depends on who owns the homes, how many years it has been their primary residence etc. as it may be eligible for exclusion from capital gains.You also have to take into consideration for yourself, depreciation recapture as well as potential capital gains on your rental property.

Generally, your home sale qualifies for the maximum exclusion, if all of the following conditions are true.....

This event is an exclusive opportunity to mastermind with me and the rest of my expert team to leave you armed and dangerous with all the most up-to-date real estate investing education out there.If you’re still not convinced, let’s take a quick walk through a property we sold, 907 School Drive in Cuyahoga Falls, Ohio.