That said, I hadn't really spent much time considering becoming part of an investment group, as it struck me as being essentially the same thing as my stock investments - profitable, but boring (to me).  

Raju essentially 2X-3X his money without taking the risk of purchasing the home at $3 million.

I am sure there are exceptions but I see this a lot where someone new contacts me and says " Is this a deal " and I go over all the reasons it is not and we start working together to find the right property.So essentially I work with first time commercial buyers as one of my niches.

You essentially take the total basis of your profit, divide it by 27.5 and you can deduct that amount every year against your profits.  

Essentially, you sign documents at closing indicating that it is your intent and within your current ability to stay in the house for a year.  

I am not sure how this plan will change or how quickly I will need to add more to it, but this is what I've got for now.Please let me know what you think, I've spent a little while thinking of the best way to get where I want to be while managing what is essentially a full time job. 

That also means down time in the summer, when many will be gone or subletting to other students, so summer is a good time for non essential repairs and upgrades.Best of luck to you, feel free to pm me with questions.Kelly

Essentially you go out and find a deal get it under contract and sell that deal to investor for an assignment fee.

His rent covered 97% of my PITI + Hoa fees so i have essentially lived free for the last 2 years.

She said that certain states do not allow wholesaling because you are essentially selling the house with no license and it is technically a crime.The post my wife read was BP's post by Brian Turner called Is Real Estate Wholesaling Illegal.