You have a kick butt deal, if you generate ha;f the cash flow you’re planning on you’ll be ok.

While I've been able to get out of my W2 after acquiring 30 properties, I've learned that you still need to generate some sort of active income unless most of your doors are completely debt free.

That leasing agent can provide very good insight into what is moving in the market and how to generate more income. 

Is it by filing 1065 and generating K1's or is there more to it?

The BIGGEST mistake wholesalers make is diving into lead generation before you have anything set up to convert those leads when, and if, you DO find them.What is the point of trying to reach out to prospects when you have no system set up to convert these prospects into leads?

Assuming you're in the Charlotte market, there should be plenty of room to generate cash flow and subsidize your new primary mortgage. 

As long as you purchase at least as much as your net sale and use all of whatever proceeds are generated, you will defer all tax.

But then they look back and wish they would have kept it because it would still be generating income for them.

As a reminder, our rules require all content to be human generated, based on your own knowledge or experience.I'm shutting 'er down.

Short-term rentals are booming right now and offer a great way to generate income quickly.The key is to take that first step, do your research, and believe in your ability to make it work.