No, in fact it will often raise them.Both here and on 3 other sites I see people contemplating 1031 exchanges when they barely have enough gain to justify the expense of a facilitator and the extra acquisition costs.For the record my income tax return for the past 12 years has had all of the following, just about every year for most items.W2 income, 1099 consulting/sales incomeInterest income, including interest from seller financed loans,Recapture of depreciationRental income, and expenses and depreciation on rentals pptyLT cap gains from sale of long held rentalsST cap gains from flipsSub S corp income from my sales company401k reductions, SIMPLE reductionsOffice in house expenses, loads of mileage for business travel and other self-employed business expeneseDividends from stocks and mutual fundsDespite all of this carp I feel confident, because I closely review the return and question the CPA that if I wanted I could purchase TurboTax and do it myself.

You do not need to mention them but most people want to have a family, get an education, travel, retire on a good income (early retirement or not), etc.

Most of the profits are eaten up by airplane travel costs.

I spent over an hour and half with a seller on saturday talking about world travel and looking at all the things he has collected over the years.

If you are serious I would look at finding someone local who is doing flips and rehabs.People selling seminars traveling the country do not have the local knowledge usually of getting deals done, bought, and sold successfully.For instance what someone does in another state might be only 30% applicable in your state.

So better to schedule multiple showings for a certain time window to lessen your wasted time traveling to and fro for no shows. 

Many minor repairs can be deferred indefinitely without jeopardizing habitability.

I invest in RE so that I can do things like travel around the world.  

I know some of us travel a good bit, others serve overseas, others invest out of state/country and have never signed a closing in person!

Payouts can take longer because of the amount of time it takes you to get familiar with the area, travel costs, outsourcing costs etc.