Would it attract Additional Tax ?

Make sure your investments are producing income.  

Lots of development and revitalization going on at the time and a very attractive cap rate (9%+).

To zoom out and make it really simple, investors use the cap rate as a divider of the net operating income (NOI) a property produces, in order to determine value.

The only challenging aspect that I see most young people struggling with is producing enough income.

He is very adamant about doing it the right way, knows about lease options in Texas, so that's what attracted me to him

I knew this was certainly no get-rich-quick flip or even barely pay the bills flip from the beginning, but I was motivated to get my first flip under my belt...and more importantly to use it to attract a bigger fish who would bring money to the table for flips going forward. 

.), especially the amazing podcast, and of course the great literature that BP produces, I would not have been able to do this.

@Thuan Pham any specific reason for the attraction to the Charlotte area?

I'll break it down as I saw it as a previous real estate coach:Low producer (0-6 deals/year) - They want more leads and want to know what CRM to use.Low/Medium producer (6-12 deals/year) - They want more leads and will start talking about automation.Medium producer (12-24 deals/year) - They want help building systems to scale or work less.Top producer (24+ deals/year & single agent) - They want help building systems to scale and knowledge for hiring.Teams (less than 100 deals/year) - How do we hire and train agents?