I am posting here tonight because I am interested in offering up my free time for any active flippers in the Rhode Island, Eastern Connecticut, or Southern Massachusetts areas.

Also, definitely start connecting with people who are actively investing as they can give you an idea of what all is going on in your area.Good luck!

Do not spend too much time on this but at least know a few guys at your local REIA that are actively flipping that you can sell to when you get your first assignment. 2) Next develop your strategy, build a list of at least 200 properties to mail to.

However, I believe this depends on whether your investors are passive or active partners with voting rights.

There are some waivers and exceptions to the primary residence exclusion for active military that may leave you eligible to take some if not all of the proceeds tax free.By they way - a great accountant who knows real estate in and out just gave you some good guidance.  

Seeking advice on the best mailing lists.

While undergoing the compliance training I came across one of the prohibited outside activities for bank employees- "acting as a real estate sales person, broker, agent or engaged in buying and selling real estae except for primary and secondary residence".

I'd also toss in that you want to take a more active role in the community and that him selling this to you give you that chance.Sounds to me like this guy is going to value time and sense of community over dollars and cents...

I did an s-corp because all activity inside it is 'active' and I can establish a defined benefit retirement plan or solo 401k with it.  

But then again, haven't yet found an easy and quick route and I also know normal people like you and I with 15 or more active projects.