I got interested in real estate investing last year and since then have read several of the BP published books on real estate.I still have a lot of unanswered questions floating in my head but my goal is to buy my first property and some point next year. 

My thoughts on turnkeys is simple: get your head examined.

I am in a similar situation to you in that I am in a 100% commission sales job and the number of deductions and the whittling away of your effective tax rate is very powerful once you can wrap your head around the numbers and the big picture.

Keep your head up, Leo.

I'm trying to wrap my head around working with investment capital long term, and there's also the potential for some seller financing from the building owners, and my cousin is on the board of a bank which could also come into play.

I would suggest a sit down talk about this to give the others in the unit a heads up of the coming changes.

College kids and someone of that age under the same roof tend to butt heads....Here are some key things I've learned after 4 years of landlording/house hacking: 1.

The quicker we act the more of the market we can monopolise we already have a head start in terms of land development as we have acquired over 60’000 square meters of land.

I clearly will be speaking to a tax advisor about this since my head is already spinning but thoughts?

Thanks for you answer and the heads up.