"Check out the way he coped that joint.

A lot of sellers are burned-out landlords who like the idea of "passive income"/mailbox money after years of chasing late rent payments, dealing with tenant BS and maintaining the property (I use quotes for "passive income" b/c no income is truly passive IMO, a wise seller will still pay attention to what's happening with the property in case they need to take it back, but collecting payments like a bank is generally easier than collecting them like a landlord, you can set up ACH with the buyer's bank or hire a loan processing company to handle it). 

Attending real estate events and establishing professional networks with other industry members may yield insightful and beneficial connections.Trying out different forms of finance, such private loans, government-backed credit programs, or joint ventures with other investors, might also be helpful.Real estate investment requires a great deal of flexibility and open-mindedness because there are several ways to succeed.

My goal is to develop this property without resorting to upfront cash investments.I've attempted to collaborate with several general contractors, hoping to find a partner interested in a joint development venture.

I attempted to do taxes (married, filing jointly with my spouse) on turbo-tax.

When selling your primary residence, you're eligible for a significant tax advantage: individuals can exclude up to $250,000 of capital gains from their income, and married couples filing jointly can exclude up to $500,000.

I never thought about joint a management company though.

Its under $250K.Its currently titled as "Joint Tenants by Entirety" with spouseI have been researching best way of LLC structures for multiple rental properties (plan to get more in future). 

Whether you're a seasoned broker with years of experience, a mentor with invaluable wisdom to share, or an investor just starting and eager to learn, we can all benefit from pooling our resources and knowledge.I envision regular meetups to discuss market trends and investment opportunities and collaborate on joint ventures.

The ACH transfers are slow but reliable.Cash: dangerous to handle that much cash, easy to lose, have stolenChecks: bounced check fees are a painPaypal and some other services: I have heard horror stories of accounts being frozen for weird reasons