Say if I entered into escrow on a property, went through entitlements, and put in money to develop the project, and upon successful achievement of entitlements sold the property for a higher price than what I was in contract for, would the profits fall into the category of capital gains or ordinary income (like in a wholesaling transaction).Will reach out to an accountant in a couple weeks but curious to what people generally do in this circumstance.Thanks in advance. 

Maybe we can create our own mastermind group, and achieve our goals together.

Thanks brother. great to see you on here i hope we both achieve the goals that we have set. 

Most of the properties in the area are older than 1960s within that price range.I've very excited to be a property owner and landlord and I have to give a huge thanks to all the people in the community that have given advice on this forum to help educate individuals like me to help achieve our goals and I look forward to adding value when I gain credible experience.

@Andy Mirza - I really like the idea of putting your "to do" list into a Smartsheet; at my current job I also make myself a list of targets to achieve for the day and remove them as they are completed; I find this is very helpful in remaining productive and taking care of the important items that need to be completed!

Long term goals would be, if I end up liking real estate investing,  to have enough passive income from properties to be able to achieve financial independence by time I'm 35 (I'll be 26 when I graduate).I look forward to meeting and discussing other members on here!

You’ll need lots of money to achieve this goal.

One day SFR seems like the way to go, then I see multi family as an easier way to achieve more doors in a shorter span, then I see short term rentals as a way to have higher cash flow each month.

My first big question is which option do you see helping me achieve financial independence quicker? 

Set your goals Write them down on paper Review the goal daily Take actionable steps to achieve the goal