It seems to me this is very subjective.

@Brandon Turner actually wrote a whole book on the subject and it's a very worthwhile read:http://get.biggerpockets.com/nomoneydown/Here are a few tips to help you get the most out of BP and kickstart your investing career:Start here.

I could go on for pages of what could go wrong if you are absentee and far away (and trying to manage it from afar).Bear in mind you may have to go by frequently for any number of issues related to the tenants, the building, etc.

A frequent scenario would be they own their home but cannot yet afford to own their office in our prime $500-$1000/sf commercial hotspots.

I frequently attend ones in Falls Church.

There is great information in both of those resources.You should also set your keywords so that you will be alerted when a subject of interest is being discussed.Lastly, and most importantly, pick three REIAs and start attending them and networking with other investors.

And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "Perth Amboy" or "Monmouth" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area.Use the Find Members area to network with other members who are local to you or are in an area you're wanting to invest in.

Act like a cash buyer and walk through the house and ask questions about the houseThen show them they can make more money on seller financing Tools are lease-option assignment, wraparound mortgage, subject to, installment sales on free and clear houses

I may decide to sell 2 or 3 of them a year, generally profiting less than $1,000 on each, after holding each property for at least one year.Two questions: In your opinion, would I be subject to self employment taxes on the profits from the sale of these properties (considered a real estate dealer), or long-term capital gains (investor)?

Also it states "Funding is subject to a clear and unencumbered title report and lender’s appraisal of property and condition thereof".