The house I'm working on right now ended up getting 700-800 sq feet of unplanned new flooring (plus removing of that 700-800 sq feet of glued in laminate flooring) and a rebuilt cabinet due to water damage that was hidden by strategically placed furniture.  

Having also just finished reading David Greene’s Long-Distance Real Estate Investing, I had the same question with regards to strategic locations to start looking out of state.

Pick whatever structure you wish for your business, and in January of 2017 you can file your taxes, yielding the necessary 2 tax year average.Really you should be looking for a local lender that is forward thinking and strategic enough to realize that if they help you structure your documented income in the most advantageous way, there's business in it for them in 2017.

My feeling is get your first 10 paid off and then strategically pull equity out to either do capital improvements 15 to 20 yrs down the road, buy more property or invest somewhere else since the equity pull out is tax free.

When you have other sources of income, particularly over $150,000, that is when you need to strategize.

If you have any questions or just want to chat and strategize feel free to reach out.

Take the time to be strategic so you can accomplish your dreams.And most of the popular business books are available at your local library.

It’s certainly worth more than fighting with my printer all day on a Saturday when I could be out networking or strategizing with my business partners.

We expressed these concerns numerous times throughout the program, looking to re-strategize the territories we were marketing to, but were instructed time and time again to stay with the course.When we reached 3 months, half-way through the program, we had zero real leads and major communication issues(comically poor responses from the team) to the point my business partner completely opted-out and I took over.

In the last few weeks I have gone from knowing jut that real estate was interesting to actually formulating a plan for our future.