In addition to that, do not use only one year's gross income to estimate future income because the subsequent years could be different.

We had a neighbor who bought two houses in Narragansett because both the kids went to URI and has subsequently sold them.

It’s one heck of a ride as you get to work on fun things in your day job and with smart people, take good benefits from your employer, save up in retirement funds, take some stock in their company and if you are enterprising enough build RE wealth on the side.

Therefore, your returns from previous years contribute cumulatively toward your investment basis, which the 8%/year for the subsequent years is based off of.  

In this scenario I would be acquiring a short sale property from a wholesaler and then subsequently wholesaling that same property without adding value.

Subsequently, an acquaintance asked me to be a project manager for a personal residence he was self-building.

Once I buy an investment property (and check title & get owner's title insurance at the time of the purchase), what can I do to prevent a scammer from subsequently recording a forged deed, including forging my signature (etc.), that tries to transfer away ownership of my property?

Financing them is tough when you mix residential and commercial enterprises.

Otherwise, you may spend large amounts of your precious time researching information that is readily available to those who have a RE license, and subsequently have "insiders' knowledge."

Hi Wayne,I am entirely new to all this and I just want to understand fully how things impact the sale and subsequent flip or rental.