I started using social media as an alternative to the more expensive online mediums and tools before it became known as social media.

You never know when the county/state will try to shut you down private sewage system wise.Water,, owning the leaking pipes and the testing / treatment is an expense.  

These are useful and important to real estate agents and brokers, but they are not core skills needed to be a successful real estate investor.So, yes - a real estate license is nice to have; It can save you money on commissions, give you an alternative income stream (as an agent), and give you access to the MLS.

@Alex Stepanov it's unfortunate that you are getting this kind of treatment from local agents.Yes, we are very busy in our extremely active market but I couldn't image treating anyone like you've be so far.I know in our office of 65 retail agents, most [all] don't like to deal with investor because they "low ball" and only buy low end properties and the commission is very low.Your reasonable ROI goal of 7% can be done easily.Have you selected a property manager yet?  

The amount of time that you hold the property does not determine whether you qualify for 1031 Exchange treatment. 

Good day Bigger Pockets Community,I have do have a current scenario I wish to receive feedback on please (see below).I'm brand new to the community and to real estate investing.I recently stumbled onto this website and have be drawn in as I'm looking for alternatives to working for someone else and the traditional work hard and save mentality.I recently (after hearing in many podcasts) listened to the Rich Dad Poor Dad audio book and was blown away.I now realize that there are other ways.My mind is busy with possibilities but in the short term I plan on learning as much ongoing, getting involved with either bird dogging and or wholesaling hopefully evolving to flipping and or buy and hold in the eventual future.I started to make some contacts with contractors and a possible hard money lender just thru casual conversations.It's exciting, but I know I have alot to learn.I own a home in San Jose, CA and wonder about leveraging the possibilities of the equity I've built.Here are some numbers.Owned for 15 years2Bedroom 1Bath with a 2nd story loft 1090sq ftI Owe $290k on 30yr mortage at 3.375%Owe a non-bank 2nd to my mom for $13.8k at 3.375%Estimates on Zillow $550k and Trulia $623kI was wonder about trying to time this market.Robert Kiyosaki and others talk about a nearing market crash.In hindsight (and we know what they say about that) I could have sold in 2007 for these current prices and entered back in 2009ish at a vast discount.I considered selling back then and now see the opportunity that was missed.Appreciate insights.

Your responsibility to pay back the bank for your old mortgage and tax treatment on the sale of the house are separate considerations.

Unless you can connect to a city sewer system, alternatives are gong to be more expensive than a new drain field.

But...The alternate way is to report the $200,000 sale in the LLC, which then flows through to the member(s) on a K-1.  

I don't know many wholesalers that start off door knocking these days so I recommend studying more on alternative marketing methods to add on to door knocking.