In the process of getting vendors lined for the condo project we found a great connection for a particular building material at 1/3 of the price I could find for anywhere near us with great quality.

@Matt McConkey   The eviction process in Texas is pretty simple and doesn't take months.

Its a LONG process but it will be TOTALLY worth it!  

This doesn't concern me much as the purchase can be contingent upon inspection which can be done during the escrow process.  

At this moment I am looking into turn key real estate company to get started and to learn process as it goes.

The last 3 times I have gone to the foreclosure sales at the courthouse steps in Lee County, Alabama, we had observers from auction.com to see the process.  

This may not be feasible without more specifics on my taxes but perhaps a rough formula on how I could figure it out.My basic thought process with the math would be the following:For every extra $1.50 I make above $100k (but below $150k); I lose $0.75 I can write off.So here is where my knowledge really breaks down (if it hasn't already unbeknownst to me).So for every $0.75 I lose the ability to write off as a passive loss; will this cost me $0.75 or will it cost me $0.75 times my marginal tax bracket of 28%, which would be $0.75 x 0.28 = $0.21And if it cost me $0.21 per $0.75 and therefore $0.41 per $1.5, that would basically bring my OT down from 1.5x base pay to roughly 1.1x base pay?

I am in the process of looking at crowdfunding for the development side and they want to come in last and we are having to partner with a group that has a long time history in hotels and development so they can be comfortable.If this is your first it may be tough, not impossible but tough.  

It is typically about a 2 year process.

I'd love to help you through the process, from start to finish.