I felt very confident at the time that it would withstand full scrutiny if challenged, despite the fact that it was never ultimately challenged.

They will be notified of being tagged so that they can jump back into the conversation.Being a first time or/and remote real estate "investor" doesn't need to pose so much of a challenge if you get into commercial multifamily real estate investing since you will use Robert Kiyosaki's wisdom of OPM (Other People's Money).

Would love to talk to some of ya'll and hear about the challenges that come with it and why you do section 8.

@Immanuel Sibero yes sometimes it is a challenge. 

What type of property would be best:I'd say start small only because you are still young, so perhaps intern with a really awesome wholesaler in your area or find one that is exceptional somewhere in the country and be their virtual assistant (scrubbing their lists or doing online marketing for them] What banks would be best to get a loan from should I need one:I won't worry about the banks just yet, focus on building your foundations and in the process, you'll get a good lender while on the journey to successBusiness and real estate books/ebooks I should read:MUST buy a hard copy of Rich Dad Poor Dad & buy the CashFlow board game [find a friend of yours who likes a challenge and play the CashFlow game with them-they might be a potential partner in your business in the nearest future] Pitfalls/rookie mistakes beginners make:Make a ton of mistakes!

*Note: this post is intended for investors who actively DO NOT automatically file a 1040 every year, unless they've incurred a tax liability.I'm wondering what difficulties investors who understand (have read the pertinent details of the tax code) have faced when engaging in investment opportunities that normally require an investor to furnish tax returns, and what solutions have they come up with.From my experience in banking, I understand that institutional lenders normally require a borrower to furnish yearly personal financial statements and tax returns.

I recently engaged an owner that posted his 5 unit property for sale as a FSBO.

Long term that could be fairly challenging I think.If you are talking 100k cash and not leveraging j think that’s much easier

Sacramento in general is a challenging place for duplexes or most small multi family unless you are buying with cash. 

Wanted to grow my network in my hometown, as well as better understand what challenges you all face and how I could help.