One of my dreams has always been to build a global real estate network and spend time traveling to new destinations to evaluate markets, develop international networks, and learn more about the world.

How much would you spend on a $135k property in long term upgrades?

.- Spend some time thinking about how much to spend.

It depends on your knowledge that may save that expense if you need an Attorney to review your contract. 

I will review the area thoroughly!

We're waiting to buy our first property until after our wedding in September, so I want to spend the next few months learning as much as I can and meeting people through Bigger Pockets.

I have found it worthwhile to spend the time to develop and/or "steal" written processes. 

View report*This link comes directly from our calculators, based on information input by the member who posted. 

I spend a ton of time looking at properties, too.

If I decide later to start a construction business (actively building and selling new spec houses), assuming this is taxed as ordinary income with social security, etc and treating the homes as inventory - if you build a house, then sell it, then spend that money building a second one, but don't sell it until the next year, then sell it, then build another, can you effectively push off the taxes as you are rolling the sale proceeds into new inventory costs / construction costs?