Currently seeking out contacts in southern Maine to find deals.

The main thing is to focus on finding motivated sellers willing to do them and tenant buyers who have the means to pay the option fee and monthly rent.

Factor in the above because every dollar counts.

My main concern is with the foundation.

You don't have vacancy, repairs, CapEx or Prop Management factored into your numbers and you don't mention the overall condition of the property.

I'll start evaluating my strengths and what I am passionate about.Wholesaling and multi-family are my two main interests so far from what I've learned about in the past few months. 

My main REI goal is to build a profolio of multi family properties.

If you factor in ~$200 in depreciation (random number since we don't really know what your depreciable basis or land allocation is), you are looking at taxable income of $133 but you received $333 in cash.Often times a "tax loss" occurs when you have monthly expenses that bring your taxable income close to zero, and then non cash expenses like depreciation and amortization further reduce your taxable income below zero, creating said "tax loss".disclaimer: been working a long day today, so please feel free to fact check my math :)

Unless you are looking to buy and then sell quickly, market crashes shouldn't be a big factor into your property investment decisions.

I'm relatively new to RE, but have recently made up my mind that it's going to be one of the main components to my long term wealth building strategy.