I suggest firing up some marketing to motivated sellers, and visit your local REIA, and network on BP and find someone that may be interested in working as a partner with you on the deals at first.

Your job is to find motivation, don't spend much time drawing up offers if you aren't dealing with a motivated seller.

Once I realized her motive for sending his info then it made more sense.

Is waiting until I have finished creating my on-line presence (website and FB) the wrong way to go before I start marketing to motivated sellers and absentee owners.

An energetic, enthusiastic, hardworking, and motivated individual is usually someone that seasoned investors will give a shot to.

I would like to sit down with him to express my motives to become financially independent but I'm afraid that it might hurt our relationship.

I know you're a big fan of them- I've read almost every one of your posts on your old blog in the last two days- a key reason why I'm so motivated to get into multi-family property investing.Thanks for the link to the post - I hadn't read that one yet.

The remaining $50K in gain is subject to long term capital gains tax, currently 15%.What you use the profits for is irrelevant as far as taxes.A CPA is, IMHO, essential if you own rentals.

From the remaining 50%, you have to pay your mortgage (if any) and get your cash flow.

And, some remain in it exclusively, mostly for the reasons I just detailed.This is a great site and everyone here is more than willing to lend a hand.