I've been studying hard the last 8 weeks and have let go a well paying en.gineering job (I have the confidence that I can get another if need be).

But, until you are comfortable and confident discussing actual deals, you won't make any serious forward motion toward your goal.So, what's your weekly deal flow?

I’m confident that my buddy knows what’s what though and I’m happy enough taking his advice to walk

However, after 2018 and 2019 tax returns, I feel very confident I will be able to qualify for a loan for 400k.

If we make some additional changes to make the building more efficient turning some 2 bedrooms into 3 we are confident it would cash flow around $73,000 and has the potential to be around $98,000.The current interest rate is 6.5% and that is being carried by the owner due to the bank not being able to qualify the property due to the low rent roll.

At this time, I hope to be confident enough to pull the trigger on my first property and will continue my progress by finding a real estate agent.I look forward to learning more from everyone and I hope to meet some of you in person at meetups.

But now that I am more informed I feel a little more confident about myself.

So I am confident you have a lot to bring to the table.Blessings and MAKE IT a Great day!..

The perfect deal will find you and one day you will be at the right place at the right time but getting started is the most important for your confidence and psyche. 

@Jill CurranJill, I think you need to go back to your accountant for a deep convo.You're conflating the passive activity loss rules (IRC Sec 469) with the brand new 20% QBI deduction (IRC Sec 199A).Either one of the following is happening:(1) Your accountant is confused by what you're asking is giving you the answer to a question you haven't asked.(2) Your accountant isn't taking the time to explain things clearly and make sure you're both on the same page.(3) Your accountant is lacking in some areas of tax law.A deep and long convo should clear everything up or give you the confidence to switch accountants if your current one can't get you comfortable and explain the passive activity loss rules in layman's terms.