I claim “Real estate professional status” for tax purposes. 

Personally, I would forego trying to wade into an investment property until you get the wife through her professional training program, and established back in the workforce.

You'll definitely want to get in touch with some professionals. 

Therefore, if you've invested - even at 15% discount - within the company, everything - financial, professional and income - takes a hit at the same time. 

You'll also make money off the houses you list and sell.This is an absolutely WONDERFUL and profitable business, and can be a real win/win when done right--honestly, ethically and professionally.  

You meet a lot of great industry professionals and learn a ton by proxy. 

Curious, professional and very knowledgeable. 

Have graphs and charts with your numbers, keep it professional, and document everything.

If you ever want to invest in Kansas city, PM me and i will give you the comapay..stay away from them.Even if you get a fairly good property with good rehab work,  it is difficult to make money through turnkeys; most don's cashflow.Do not rely on what your PM is telling you unless the PM is also an investor.....follow your gut feelings..not all PM are good...As a new investor without rehab experience, you will need to build a team; there are contractors who specialise in rehab work; seek them out and let them do a professional job and pay them.....as long as the numbers work, you are better off that buying a TK that you are not sure of the rehab work...you will end up in frustration...Above are my 1 cent so that you dont go through the aches and pains I went through.Happy investing....

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