Here it goes...Will contributing to a traditional 401k to reduce my taxable income now reduce my W2 income essentially limiting my buying power for acquiring more RE?

Sales price $156,0002. 

We are semi new to the market of whole sale and flipping houses.

This will not hold up in a court of law, as there is "Real Property" involved in the sale.

Most reputable turn key companies buy distressed properties further upstream (i.e. auctions, tax sales, etc) at much better prices than the average individual.

I explained to the sales agent that I was new to this business.

I have a full time job as a scientific instrument sales representative, and I am normally on the road at least three days per week.  

.-6-units fully rented ( 2-1bdr/1ba, 4-2bdr/1ba)-Sale Price to end buyer = $420K-Yearly rent = $72K-Yearly expenses = $21K (includes taxes, utilities, insurance, garbage, exterior maintenance)-NOI = $51K/yr-CAP Rate (NOI/Price) = 12.14%Please let me know what you think!  

GA tax deed sale penalty is 20% of the purchase price.

Go to sheriff sales and check out who's biddingAsk a real estate agent to send you all the properties sold near your property for cash in the past 12 monthsGo to your local REI and networkPost it on BP market placeCall the bandit signs in your area (they are either wholesalers who know buyers or they are cash buyers themselves)Good luckCB