Depending on your level of activity during the year, $1200 is about right.

I have asked lots of questions to paid professionals (attorney, CPA), and it is interesting how beyond a certain level of complexity it always gets volleyed back to the other professional ("ask your CPA", "ask your attorney", or "ask the company holding the plan"). 

Not sure how many people actually realize that the radon levels reduce by half for every level of the home.  

After I got the basics down, I took it to the next level and actually started buying homes.

You have to be an accredited investor which means (1) a net worth or joint net worth with the person’s spouse exceeding $1 million, not including the value of the primary residence, and / or (2) an annual income of at least $200,000 in each of the two most recent years (or a joint income with a spouse exceeding $300,000 for those years), along with a reasonable expectation of the same minimum level of income in the current year.If you are able to invest in Realty Shares, then the answer is yes, if it meets your investment goals.

Michael Corbin if you are planning to rehab, get a quote from a few contractors.If you are just interested in the plot, get an estimate from a demo company to scrape and level the lot.

I was just looking at it from a Federal tax level. 

Wanting to learn the business from the ground up has nothing to do with someone's income level.

I'm open to other locations, I just happen to be familiar with these two areas.I'm receptive to any recommendations and I look forward to connecting with all of you on a professional level. 

Whereas if you have it under contract and the repairs come in higher after inspections, etc, then you can ask the Seller for concessions based on information not disclosed, etc.You will get better at high level estimates with experience, but until then you have to make an educated guess and then firm that up with bids after you have it locked in.