I just moved to Walla Walla, WA and looking to gain knowledge anwhere I can. 

It's definitely NOT passive income like our local rentals. 

Give the doctors the deprecation and teachers the gains and create a bigger pie for everyone.

So I am willing to make sacrifices now for a greater gain in the future.

While this strategy will work all of the research into FI kept bringing me to the same conclusions, the best way to FI is build a passive income stream through real estate investing.

My overall goal is passive income to focus on work I love rather than work I need.Thanks and I look forward to getting started!

Its seems like their current offering is new construction in Hudson County NJ, but as someone who invest post tax and looking for ability to depreciate and offset its own income not sure new construction is the right avenue for tax benefits of this type of passive investing.

The conversations are better as you're only talking with interested and engaged folks.On the flip side, it can be a cash grab, if the sponsor is lazy or the meetup has not gained traction in the local market.

Then if we have enough appreciation we would sell it and possibly re-investing in another larger building using a 1031 exchange to defer capital gain taxes.

Will be relevant to the recognization gain/loss later on.