Specifically:“The management of the property necessarily involved alterations and repairs…..it was also necessary to furnish elevator service, heat, light and water which required regular and continuous activity and the employment of labor, the buying of material and many other things which come within the definition of business”.

So if I start with a duplex or a quad as my first property my goal would be to have a net cash flow of $500I intend to use the "BRRRR" (Buy, Rehab, Rent, Refinance, Repeat) method but have never used this strategy before so I still have a lot to learn If I only close on two deals starting in 2019 then I will need to find another 20 deals in the remaining four years (2020-2024) that also meet this criteriaBeyond 2024 I plan to continue to scale even more over the next 3-5 years with an end goal of financial independence by ~2030 (meaning that I will not work a "day job" but will passively manage my real estate portfolio)Biggest hurdle: I'm going to be living outside of the US for the next 3 years and will (likely) not be able to physically see any properties that I plan to purchase.

I am currently self employed in concrete pumping.

My employer gave me shares of company stock (company is owned by private equity firm, not publicly traded).

-properties with deeded parking can be rent on spothero for additional incomeI found (as the everyone else knows, no secret) you can get higher rental rates with more active leasing methods.

@Jesus Ramirez Income from wholesaling is treated as active income, subject to self-employment tax in addition to regular income tax (at ordinary rates).An LLC is one option but your entity structure should be decided after a full analysis of your situation by your CPA and attorney.

I know there are different ways/methods about doing so.

My plan is to use the BRRR method and I will be looking to fund the deal with cash at about 40k (is this realistic?) 

My question to that response is...What ways or methods would you go about in finding and locking down private money for your deals?

Hi All,In my search for deals and I have come across a REO property that I think works for the BRRRR method.