I am finishing up my last year school and I'm looking into commercial real estate positions that will allow me to gain the right skills I need in order to become a developer.

My girlfriend and I wanted to buy a single family to live in, but after some researching and some eye openers (thanks Rich Dad Poor Dad) I realized I wanted to start acquiring assets and start my way towards passive income.

The best (IMHO)you can do is seek out a tax and wealth advisor that you can work with so they can better understand your long term preferences as it relates to your estate and then give you advice on sustainable income into retirement (passive and/or retirement accounts), charitable preferences and heirs, if applicable.

BTW, if investors got 117% upon refinance  (loan proceeds), are they supposed to pay taxes on the 17% as it represents capital gains and not original capital?

Otherwise, everyone would be a passive investor.

Rent each house for a year and take advantage of the lower rate for capital gains tax when you sell.

I got a full time marketing job offer for a great lending company and I’m probably going to take it for more stability and to gain more expertise in marketing for future real estate work.

Real Estate Goals:We are currently striving to continue buying real estate for passive income through the buy and hold strategy while my wife finishes her Army career over the next 9 years. 

The property is in Maine with a 7.15% cap gains rate.

I'm excited to find more deals and plan on wholesaling and flipping to generate cash to purchase rentals for more passive income!