Since, generally real estate is real estate.  

Hello Everyone,I am very excited to be part of this forum now that my daughter and I are starting this new journey of investing our money in real estate.

Should I get into contracting with a flipper or custoM home builder for 50k a year 1099 and start my own llc and be a “real estate professional” and learn the ins and outs while making less money at first,  or take a sales job 9-5 that makes 150k a year w2 and build up capital first. 

@James Holden you're not even in our database, so if you're going to diss us at least use your real name!

Limiting your investment opportunities to one property is, well, very limiting.The 70k loss is irrelevant...it's a sunk cost and you can claw that back with the current property or any other investment...whichever is fastest/best. 

Fun part of real estate, best of luck on getting them out and filling it in again :)

Larger homes provide more opportunity to make the home unique and capture larger families/groups to share the expenses of one home vs renting 2-3.

If I buy multi family comm real estate via a RE LLC company with my Roth IRA does the rent income become UBIT taxable ?  

Here are ten cities and areas that offer multi family investment growth and opportunity: Eugene  - The heart of the State.

After 3.5 years of being interested in real estate, learning, and making it my career, I am officially an "investor".