That’s awesome that you’re getting involved in the business with your dad in Austin!

Everyone forgives and forgets and goes about their business. 

This is not a one size fits all model, but to help others run their business!

It wasn't actually passive income, it was a part-time real estate business.

I've been watching a lot of BP videos and trying to educate myself on real estate business.

If you are willing to work and grow your business, I don't know of a better group to join.

I've also learned A TON from Anderson Business Advisors.

Here is my situation:I've owned and lived in my house as my primary residence for 3 years.Up until the last year, I have rented out spare bedrooms (space within the living area).I got married about a year ago and my spouse has now been living in the house as her primary residence for 12 months.Question 1: IRS publication 523 states in the section under Business or Rental Use of Home, "If the space you used for business of rental purposes was within the living area of the home, then your usage doesn't affect your gain or loss calculations.

🤷‍♂️Love this post and what Scotty posted.Congrats on your success thus far.As much as I love real estate and business it never is passive and never will be totally passive unfortunately.There is always a risk component involved and a reliance on someone.There will always be that gut wrenching phone call that makes the stomach turn.It all come's down to how much is enough for someone to live a happy life.I unofficially retired at 28 and am back chasing now at 36.Parents and family are getting older and have a huge will and in a way pressure to retire my old man.A beautiful person and father.I've checked off mum and uncle from the list hahaFew more to go lolI am and always will be a "real estate guy" per se but a few years ago I asked myself this question:"How can I get the highest possible return, with the least amount of risk, without doing any work and without involving anyone else?"

I started in 1999 working with a Broker/Developer and it was the greatest experience to learn the business side of Real Estate and development.