all the time, so I try to every now and then share it with others and answer any questions.Location: Metro DetroitPrimary target: Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 8-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-7%+ (has been double digit for last decade)Location: C+, B-   Some Notes:- I don't actually save 15% for vacancy, maint, capex any more.

My CPA got back to me and said the LLC won't affect the capital gain exclusion rules.

Starting my wholesale journey right now :)I have some experience in buying real estate for rentals and flips.As a rule I made for myself, I won't work in areas where I know crime levels are high and are generally low income areas, becasue I know how hard it is to sell them (if its a fix & flips) or rent them.Nowadays I'm looking into starting my wholesale business and was curious about that...Does it matter for the cash buyers?

@Justin Ake - I wouldn't rule out the idea of seller financing quite so quickly.

The only area that it seems the IRS could really rule on is whether the monetization loan violates the pledge rule.

Networking with other investors and professionals in your area can also provide valuable opportunities and insights.Set Clear Goals and Plan: Define your financial goals for the next 10 years and create a plan to achieve them.

As you network with people interested in an off market deal, you can creat a FB private page or send a mass email to help find buyers, but again the front end of finding the properties can be challenging (but not impossible!). 

You do not want to refinance relinquished property shortly before you sell it in an exchange.As a general rule, the IRS will take issue when a taxpayer refinances and strips equity out of a relinquished property shortly before selling it in an exchange.  

An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in.

The idea is that under these conditions, I would not personally benefit which could be viewed as acceptable non-rule breaking actions.