Unlike most my age, i know that i don’t know everything, so I am actively looking for mentors that could point in the right direction and help me avoid common pitfalls that most beginners make.

If you invest in an active trade or business the incomes/gains from such activities will result in your IRA owing UBIT (Unrelated Business Income Tax).

Once you have an honest assessment of these expenses you can get an accurate profit and loss projection. 

Just remember: If you spend a ton of "time" doing activities that do not yield you the BIG returns (ie, finding more crazy awesome deals), then you could miss out on the next one.

Do not spend too much time on this but at least know a few guys at your local REIA that are actively flipping that you can sell to when you get your first assignment. 2) Next develop your strategy, build a list of at least 200 properties to mail to.

A little background:I'm currently deployed over seas, I'm actively looking for a way to make the most out of the capital that I'm accruing while I'm out here.. especially since i don't have any living expenses at all (perks of being single and deployed!).

I introduced myself a while ago on BP but I haven't been as active as I'd like so I thought I'd do a re-introduction as my plans are more solidified now and I will be on the forum A LOT looking to add value, contribute and build quality relationships as I'm basically moving to a country to chase my dream where I barely know anyone so I'm absolutely looking to build relationships and help any way I can on here!

If the thought of that is unbearable & a career in Real Estate is your dream you will need to look into more active aspects of the business such as becoming an agent or doing flips.

And then they are actively looking for dirt to get back at you. 

My partner and I are actively sourcing SFR and MFH flips in the Culver City and surrounding areas - would be great to chat.