Wayne is absolutely right there is no capital gains on flips you hold less than a year, you are taxed at a much higher rate, but most people just understand the concept.

I know I've spent a lot of time with potential investors only to learn their only investment interest was in the stock market.Having your foundation for raising capital in place prior to signing a deal may be an easy concept to grasp, but developing that foundation takes planning and hard work.

Everyone has their own risk tolerance, but I just hope everyone does a thorough analysis of the market and understands the many factors that are at play when they invest today...it's not the same as a simple real estate investment anymore but also many complex economic, political, medical, etc. factors that are going on, which frankly are over most people's heads (including mine!). 

Some foundation issues are simpler to fix than others. 

I was just thinking it would be simpler to just do the Snowbird only rentals, especially since we would want to use it ourselves in the summer.

All modern wealth creation strategies are based on the concepts in this book. 

It's still the same concept though, the end result will still be a net debt or net income which is used to calculate your debt to income ratio.Is that what you were asking about?

Hi Group, I'm a REI newbie..still learning concepts but want to dip my toes in REI.

I love the concept of early retirement, and I am an avid follower of FIRE (Financially Independent Retire Early).

Yes, 104 is very informative of how to apply concepts from 101.