BP has a ton of knowledge and I can't get enough of the podcasts.

That way you can make a quick trip to the property whenever needed and spend no more than 4-5 hours traveling back and forth on a single day.For Bay Area Investors, that basically leaves you with Sacramento and Stockton for driving distance (there are other options, but that's where you'll generally see the best returns) and either Las Vegas or Phoenix Metro for flying (less than 2 hours).Wherever you decide to invest, here's the two main things you're going to need:1) Knowledge of the Market: Just google "(name of area) real estate" and read every single news article on it from the last 3 years.

I got a lot of my basic knowledge from reading "Form Your Own Limited Liability Company"

I'm not a tax expert but all of us lay people seem to disagree with your opinion.  

I am willing to help out however I can (with my limited knowledge) so that I can add what ever value possible to learn and grow in real estate investing. 

. #2 - I am not an environmental expert or an attorney, but this one may be of concern.

That's a thought in the back of my mind that I was reaching out to everyone about because it's not in my current knowledge [email protected].

Their first mortgage and all other credit obligations have always been on time to my knowledge.

Just keep your head down and spend the next 3-6 months learning and networking and before you know it you'll be ready to move on your first deal and have the knowledge and confidence to know you're making the right decision.

Anything less than that could be taxable I believe.Not 100 percent sure so I’m tagging Dave Foster who is a 1031 expert