I'm looking for a casual time of networking to help connect and move forward in my Real Estate investing and career.

One way that you can safeguard your hard earned money is buy contacting the escrow company by phone for wiring instructions when you have a property under contract.

I'm a mortgage broker in the area and have done a good amount of construction deals in my career. 

So, even if we go with a number of $340,000 per unit he profited about  $288,000 + $40,000 for rental income = $328,000.Then we figured on our spreadsheet that in 10 years he would earn a total of something like $1.2 to $1.5 million including appreciation and rental income.The point to my story is to show that we (real estate investors) do the math over and over and over both before we purchase a property and we do it over and over after we close escrow.

@Lamont Marable find an investor friendly agent and you can get all of these questions answered for free from Someone that wants to earn your business.Adding units is extremely difficult if there is not already a fire suppression system in place or fire walls present.

Our property manager has earned our complete trust, but we still set up our systems to favor us.

Let us know if you have other tax questions and I'm sure BPers can help you out.The biggest takeaway from taxes from my short term rental is that the income is taxed as earned income.  

Earlier in my career, most of the acquisitions we made decisions mainly based on present day cashflow.

Note that I have absolutely no problem with folks earning what they are worth (hey, power to you!)

I want to hold it as a full rental after those two years and then get another property, starting the process over again.So my main question is how do I search and find a good investment property, what numbers to crunch and look at, which will then tell me whether this property will be a good investment in the long run or whether I will end up earning very little or losing money when I turn it into a full rental?