We have been involved in numerous audit matters and expert witness/deposition testimony where the fact that the investor did not report it on Schedule E was repeatedly brought up as evidence or proof that the investor did not have the intent to hold as investment property.

Don't think there is no competition in small towns.Larger cities will have more people involved in RE, the competition may be more sophisticated, bigger players, more inventory but more feeding off it too.Smaller towns usually have slower turn over, a property that's difficult to sell is easier to buy.

I am more involved in new construction, and don't invest in fourplexes, etc.

Our appeals were flatly denied.

I have no idea what other costs are involved with this deal.

I think that the core strategy for setting up my financial house involves establishing relationships with three key people: (1) an estate/tax attorney, (2) a financial planner, and (3) a CPA.My intuition is that I should probably talk to those three in that order (lawyer, CFP, CPA).

Remember, Wholesaling is all about creating a winning deal for all involved.

Are you involved in aviation as well?

Since then I've continued my education via podcasts, books, perusing various RE blogs, asking questions anyone involved in the business.Origin: Originally from the Bronx --> San Bernardino, San Jose, & Monterey California --> Atlanta --> Newport News, Virginia --> Iowa Falls, IAWhat do I do :: I am a pastorRE Goals :: Duplicate my income in order to provide financial stability and security for my family.BiggerPockets :: During my research & studying I cam across the site.

Does that include the time/labor/travel involved in getting the item?