Readers are advised to seek professional advice. 

Yet it seems like the “thing to do” is to leave the job market and become a full time investor.With it getting harder and harder to find deals in real estate, and with the margins getting smaller and smaller in general, will investors who have left the 9-5 to persue their dreams of investing in real estate full time be forced back into seeking a job to pay the bills?

That's a good comment (1), I will seek that info out.

I guess that is why I said "(not Texas except in limited circumstances)" ;-) Since he isn't in Texas it isn't relevant to him, but since I buy and sell in Texas I want those who also intend to buy and sell in Texas to be alerted that Lease Options have to be treated differently and they are advised to seek legal counsel if they choose to do Lease Options in Texas.

Hey Derek, I am actively looking for multi-family in Knoxville. 

Let me know :) Be active here, ask questions, you will be a pro in no time. 

Main ideas are: separate active income (flipping) from passive income (renting), separate asset holding (renting) from operations (property management).

I feel that BP has given me the confidence to seek out my first deal.

I feel that BP has given me the confidence to seek out my first deal.

The market is tight, but I'm actively in the hunt!