If you sell the property (regardless of whom to), you will pay all the fees and transfer taxes associated with that sale - likely thousands of dollars.  

If you hire management in todays market they make money and well your just got a rental that U had to pay thousands to furnish.. your in the hospitality business .. not passive investing if your self managing..

Now:You can spend thousands of dollars on SEO and PPC and still make no deals. 

Could I have an avg. rent of 4.33 days, outwork everyone (cleaner) by a substantial number of hours and not offer substantial services other than certain guest special request and meet the exception.Does the IRS consider all the marketing, accounting, bill paying, guest communications (daily inquiries), market research, pricing, real estate purchase, taxes, supply ordering, maintenance/ cleaning set ups, and a thousand other things we do yearly to keep the STR going as hours toward material participation?

There was someone who was let into the program who ended up scamming thousands of dollars from students because they were “making deals together.”

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

When you're spending hundreds and hundreds of thousands of dollars on the construction of a project trying to cut $30k-$40k is arguably negligible. 

My goal for wholesaling is to get my foot in the door of real estate investing without the need to put down thousands of $$$.

I agree that you shouldn't spend a couple of thousand dollars on an accountant if you have two small properties.

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