My goal is to build a small portfolio of rental properties that will generate enough cash flow to allow me to exchange my current 60+ hour per week job for one with lower pay but fewer hours.

All,I've been reading, which tends to be dangerous for me, and thought it was possible to reduce your AGI by contributing to a Keogh or SIMPLE retirement plan.

In this case, you won’t own or control the property or rehab, and you’ll make less money, but you’ll have far fewer headaches.Rule number one is to know, like, and trust who you’re doing business with.

I've sold fewer flips this quarter than I have in a while, 11 of them.

You may just have to accept a neighborhood with fewer amenities (as these are provided by the HOA) or you will have to find a different line of work (maybe working at a day care center).

RRP does NOT apply to homeowners,doing their own work on their own residence.Although the Renovation, Repair and Painting Rule does not apply to homeowners renovating, repairing, or painting their own homes, do-it-yourself projects can easily create dangerous lead dust.

In my mind, the biggest danger of inflated home prices is not to the person who buys as an investment, but rather to those individuals and families who buy homes as personal residences.

Even fewer can actually purchases houses in this location because they are expensive and taxes are very high.

Some of them are still some of the most dangerous neighborhoods in the city.

There have been some good posts, and even books written on estimating the costs of rehabs, but I think that can be a little dangerous - these things can REALLY vary based on local conditions (labor prices and building codes to name the biggest variances).Other great posts and blogs have been written about the importance of networking.