Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

When parents employ their minor child, the child is exempt from Social Security and Medicare (aka FICA) - if under 18.

Learning from agents commonly working with investors is your next opportunity to find a mentor.To be honest, I wouldn't try to find a mentor from random investors on the internet.

Quote from @Gary Abrams: Software is a common question on BiggerPockets.

Distributions from a regulation d fund like this should be treated as passive income and therefore not be exposed to self-employment tax.

She might qualify to get a month's rent paid because of this employment disruption. 7.

I’m happy to guide you through the process, share some success stories, and help you avoid common rookie mistakes. 

Most commonly, laundromats are sold at a 3-5x multiple of SDE.

This is a common theme across the country with many municipalities enacting similar restrictions including where I am located in Philadelphia. 

If it’s a structured settlement and you aren’t getting a lump lum, you could contribute some of that to a Roth or Traditional IRA each year, or if you are self employed even more to a SEP IRA.Also what’s your short term, mid term and long term objectives?