ctrentalguy,You can't possibly know an exact dollar figure for evictions, legal costs, damage, lawsuits, and many more of the expenses, but they do exist; do occur with regularity; and they are significant.

This scenario is entirely real and these situations do happen with regularity.

"I buy properties regularly" I wish I would have put that on my business card instead of Real Estate Investor.

I just know I wouldn't feel comfrontable not being able to visit my properties on a regular basis.

When you started did you keep your regular full time job or did you dedicate all your time for research, finding properties...etc?

The property would have been owned for way more than 180 days, maybe several years.If its not possible is there another way to transfer profit from any RE sale into some other RE that has been owned for a while without paying capital gains or regular income tax?

I spend a lot of time researching online, as well as regularly attending my local REIA club meetings.

Wash, rinse, repeat.

So if I owned a place in Vail I'd have to fly up every Saturday morning, wash the linens, clean the place, do any minor maintenance, greet the incoming tenants and fly home that night.

Improving your math skills if they are not great is another key skill.Part-time work: Property management, construction, sales in a hardware store, almost any sales job where you are dealing with the public on a regular basis, working as a support person for a real estate agent who is very active (marketing, web support, etc), admin work for a mortgage broker.