@Kole KingslienGeneral rule:He should get reasonable w2 income as well as profit by way of dividends to minimize SE taxes.

I mean thats why they say find a house that generates 2% purchase price...

I've been extremely intrigued by the large multifamily space after listening to @Jake Stenziano & @Gino Barbaro's Wheelbarrow Profits podcasts for the past couple months and reading on apartment syndication.

People are paying because there's enough profit to be made at the end of the funnel.

I'd really think that this decision hinges on your assumptions and how you feel about the tenant class you can attract (and therefore your ongoing time investment and CapEx to maintain the property).Anyways, don't you have other options that might generate a bit more equity and/or cash flow?

We did pay 3% buyer closing costs and 6% Realtor commissions, but made a huge profit.

At the end of those podcast they ask the person being interview for book recommendations, there is also a post on here somewhere that list all the books mentioned in each podcast.Then when you have a grasp of the type of investing you would like to do buy those books and listen to those podcast.With that being said some of my favorite are: The first is more general the others are Multifamily (can you guess what I picked after going through the podcast)Blue Ocean opportunities by Medawar Wheel Barrow of Profits By Gino BarbaroHow to create lifetime cash flow through MF properties by Rod Khleif (he ask for your email in exchange for the book).....Buying and Selling Apartment Buildings By Berges

@Daniel BrownAnytime...Most investors will tell you that shortsales aren't priced in a way that leaves you with room for profit if you're flipping.If you're doing buy and hold, it might be worth a look.

1-Flip the house and walk away with about $120,000+ in profit with no capital gains tax due to the house being my primary residence for 2 years (my real estate agent’s appraisal.

I am using a lease with option to own plan because i believe thats the best to make the most profits.