Rentals also build equity through tenant payments and appreciation, with profits taxed at lower long-term capital gains rates when sold.

Once I've completed these initial projects and built up some capital, my long-term goal is to transition into buy-and-hold investments in potentially more affordable markets to maximize cash flow and scale up.Right now, I'm particularly interested in investing locally here in the Seattle metro area.

I sold my company to a national PMC named PURE,  they have a large footprint in California and are always looking for people at most levels. 

Hi Melanie, I both own and manage in the area and to be honest, the market in Kissimmee/Davenport is tough right now unless you're willing to invest a lot of capital into high end theming. 

I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

Quote from @Colin Ford: Happy Saturday BiggerPockets nation, My fiancé and I have been vacationing in ST.

Quote from @Sam Evrard: How do you go about finding areas to invest in with limited capital? 

The issue is the use of capital to buy a multi family for all cash only to receive a cap rate of 5.3%.  

Alternatively, restructure the loan with equity participation for potential capital gains treatment at lower rates.

Most newer wholesalers I meet are looking to do this just to build their own portfolio, hold on to the properties they want and capitalize on the ones they do not.