We have two different pension plans, one being a basic traditional one that I mainly understand where I have to stay there for at least 10 years to be eligible for it and then there is a second option they call a hybrid plan with different rules that functions differently I guess.

That way you can keep these two functions separate.

I have done this about 2 dozen times and in all those reviews I have only found one return where all the real estate investing activity was reported correctly, and they had to contact TurboTax to override the software functionality to report it the way it was reported.

I definitely agree that there are a ton of great resources to read and view written (and visual) material about flipping and real estate investing in general — Bigger Pockets is probably the best example in real estate of just how much information you can obtain for free nowadays and don’t even need to pay the $50 on e-bay.

One thing that we felt was important in selecting our property was to hedge our bets by ensuring the property would function as a long term rental since we know the current climate in New Orleans regarding STRs is not positive and there have been on-going regulations coming out because of this. 

The property was my primary residence for a decade and now functions as rental unit so I am happy with the purchase overall and it has worked out well.

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I only stopped because I was getting hung up with the email CRM (it does not function as I expected since I have to send each of  200 generated leads an email manually instead of as an email blast). 

It is a pretty highly demanding job that requires a lot of executive function, but not the best paying job, compared to more corporate roles within real estate.

Obviously, some have more favorable laws towards landords and some have less, STR regulations, etc.You need to risk at look differently than what the normal BPer subscribes to; fomo buying, $5k reserves, minimum down in ****** neighborhood, and underwriting for the best case scenarios.The risk can be mitigated through a function, among others, in no order:1) What you pay(entry price)2) Exit optionality(any entry needs to be evaluated about how you can exit)3) Proper insurance and legal coverage(LLC, HOI, lawyer, etc.)4) Delegation of systems(property manager, handymans, gardeners, etc.)4a) If rehabbing-- delegation of contracted work and actual contracts in place to protect you.5) Financial strength-- If you don't rehab the place, you need to have 100% of capex reserves set aside, plus 3-6 months vacancies, and 1-2 months of lead time(to lease).