FULL STOP  Your ability to make such a profit will depend on your ability to manage the asset better than the prior owner.As a seller, the broker should be helping you determine the price point, at that time, that attracts enough buyers to achieve an optimal sales price.

He analyzes the data regularly and names the best locations to invest.

Jacksonville still seems to have continued job and population growth, but without actual hard data, it seems apparent the supply far outstripped the short-term demand.

Very inspiring to see someone with such poor social skills achieve their goals so quickly! 

You can test that side of it out to see if it's a good fit for you, but take some time to find which side is the right fit for you because that will be a key to achieving long-term success.Also build as many sponsor relationships as you can in the beginning because that'll give you plenty of options when you find a deal. 

Quote from @Susan McBride: What are you trying to achieve? 

They buck the passive rules for 469, and are considered active.BUT - As with any other business, to deduct the losses the owner must materially participate.Material participation is achieved by:1.

Santarelli, in the second of the two videos given to perspective investors, adds that Dressbarn was purchased at the “Federal Bankruptcy Auction,” and that Norada Capital Management walked away with all the intellectual property for the company which includes the trademarks, the brand name and equity, the website, the URLS, and most importantly the customer data base ( Link, 18:05 to 18:26).

I don't know what your lifestyle is like, but if you're able to save $200K-$300K or so per year, this is extremely achievable. 

It is November 25th and there is only about 35 days left in the year with a lot of professionals who take off the last week of the year.Given that information, you will likely need to buy a poperty with a quick close to achieve what you are looking to do.