Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.

Imagine 10 years.If you can add 10 units a year, you'll reach the goal in 6-7 years with a few years to improve rents.  7-8 properties kicking off 1500-2000 per month is pretty doable.As for financing - There are lenders who will lend to you on a smaller deal like this. 

I have never been, but I have heard great things about Grant Cardone's conferences.. although I would imagine they would be pretty "salesy"

If I can see all of this in the photos, I can only imagine what I would see in person.

I'd imagine you'd find out everything you need to know doing that.

Imagine closing on a vacation rental that can't secure a permit?

Sure terms matter, but I would imagine if you took a poll of bankable borrowers and asked why they work with particular alternative lenders they will all say the lender is knowledgeable which leads to practical underwriting and practical loan administration.

As such, you could try REIA and local meetups, but I imagine you likely won't get very far.

I can not imagine you'd get a permit with "just a box drawn on the site plan".....nothing showing plumbing, electrical, structural elements, etc. meet building code.

I imagine that will be pricey to fix.My understanding is the seller isn't required to fix anything.