What he does a great job of pointing out and we see far to often on BP is people follow others which is not always the best thing to do.

Now you can keep a larger percent of your $60k or whatever your job pays, but you will never get financially free until you replace your earned income with passive income.

Is there a limit on how much I can make at my w2 job, that would prevent me from deducting depreciation and expenses on rental properties?

Pros:- Low cost of buy-in / not much needed in comparison to other areas due to affordability in purchase price- High-Cap Rates- High Cash Flows- Stable market / continuing to appreciate- Beautiful revitalization of the downtown- Influx of jobs, employment opportunities - Plenty of renters- New Amtrak service coming- Surrounding neighborhoods are sought after, solid schools, "home team" mentality in most of the towns where people want to stayFor the Cons:- I can't think of any OVERALL cons that couldn't be avoided in working with the right team.

However, your due diligence will not be refunded.If the home doesn’t appraise, if the inspection report is awful, if your financing falls through, if you loose your job while under contract, etc. the due diligence is still NOT refundable. 

These criteria due to my personal constraints on time (I have a demanding full time job as many of us do) and on connections/team/expertise(I'm not an expert at rehabs nor do I have a team for this yet).So given all of that I am researching on other clever ways of hacking the situation and conditions I'm in to still come out ahed so splitting houses I purchase up into multiple "doors" by renting by the room is a natural conclusion.

However, my client is one that does one heck of a job in his market and is a one of my top producers so I look at this from that angle he needs the US income so he can build his resort or resorts on those islands. he has a play on the Islands I can't really go into on open forum but it seems pretty unique but nothing like I said I have an interest in personally at our age. maybe if we were still 30 YO and immortal I would have  a different perspective on it all. 

I ram a single parent and recently lost my job and what money i do have is set aside for bills, i am however very passionate and driven with succeeding in this business.

If not could you recommend which markets might be a good opportunity for people living outside  of that state and have full time working job (hence difficult to manage the property closely)

I invest in Jacksonville FL because my old job would fly me there multiple times a year so I learned the city over time.