I have joined and attend the OKC REIA group, have missed the last several meeting due to conflicts with the time but certainly plan to continue to participate.

It's just that I'm continually amazed at how many different ways things can go sideways.

And also what you think pricing will continue to do there.But at some point, it just doesn't make sense to have all that equity sitting there making you a few hundred bucks a month.

Not sure if that would be legal.)4) when I have enough money I'll take out another loan and flip a property part-time5)eventually earn enough to quit job and flip full-time6)apply for real estate license (for MLS)7)get real estate professional status (for tax breaks)8) continue flipping properties until I have enough money to buy a single-family rental while continuing to flip properties full-time.9)continue obtaining single family rentals while flipping.10)potentially hire a manager to continue the process while I enter early retirement.I'm young and have very little financial knowledge so if a plan like this is impractical please let me know.

I am hoping to get two or three properties this way to start my land lording career and continuing to grow as I learn how best to manage tenants and workloads.

I would like to cash out.Should I continue with the approach I'm considering above or is there another option you think will work here?

I still live at home rent free and can continue to do so for another year.

Anything could happen with that developer in that time.Put in a "right to continue marketing" kick out clause where you can hold the developer to the option price but if something better comes along sooner or when year 4 hits they have to match or you can sell to someone else.

Where in upstate is your property and are you looking to continue investing in upstate ny?

One, maybe, two could be ok; however if it does or you plan to continue yes definitely subject to UBIT.