I feel the same way about everyone I meet and talk to.I can tell you, with the exception of the sports cars I dreamed of having (I grew out of that BS), I’ve accomplished 100% of the things on that list.I didn’t realize I had done it until last year (20 years later), but I had completed everything on that list within 11 years.So, not to get overly personal, but I think if I provide some context, it may help.I put on the list things like: Make $100,000 per year income.Own and run my own successful business.Own my own nice and expensive home, at least 4 BRs on an acre of land.Have a new car every four years.

It's funny I told my ex-boss back in early 2000's that I wanted to retire by 40 and not sure how I was going to accomplish it, but I got there with real estate in one of the most expensive markets in America.  

There are many strategies to accomplish this and there's always the option of assigning the contract for a fee.  

.), with plans to eventually flip and also buy&hold for cash flow/retirement.I'm looking forward to seeing what I can accomplish in this business.Best Regards,-Robert

Hopefully by being cautious and determining a good low point to buy would allow me to stay in the game long term and accumulate assets to accomplish my long term goals

The Sec. 280A rules are complex and it would be best if you could make a plan to avoid them.There are rules for renting property to related parties that may allow you to accomplish your goal of operating the property as a rental property while your daughter lives there.

Branden,What exactly are you looking to accomplish?

I have a lot of respect for J Scott's accomplishments, and if that approach works for him, it should work for the rest of us.  

If the entity isn't set up correctly it won't accomplish what you want it to and if they don't really understand AP, which a lot don't in my experience, you may not truly be protected like you think.

I do have good credit but I only have 1 credit card and the limit isn't anywhere close to what I need to accomplish my renovations.