Great topic.

In prior years, you would test your business to determine if you were actually running (a very unsuccessful) business or if you were simply dabbling in a hobby.This article is a pretty decent break down of how that test is done using the facts and circumstances present in your endeavorIf running an unsuccessful business, your losses might be deductible, buy depending on the nature of those experiences, they might just be Start Up Expenses, which are handled much differently (and also not entirely deductible)If you are just dabbling in a hobby, then prior to 2018, there were special rules about writing off those expenses, but in 2018 most of the ability to write off Hobby Expenses are now gone.

The LLC vs no LLC topic is a hot one one BP. 

@Nicholas Lohrhttps:www.biggerpockets.com/forums/49/topics/610831This is only for Fannie loans taken after 6/2016. 

Have an attorney who’s done land contracts right out the article of agreement .

However, while I've spent the time educating myself, there's one topic that still confuses me, and I was hoping the BP community could provide a comprehensive explanation.

Investing in notes is my favorite for retirement accounts for several reasons: passive investing, low risk (if you do your due diligence), good returns.This topic has been discussed here on the forum many times, I suggest you search the forum for the related discussions and you can learn a lot.

I'd also encourage you to come out to the Meet-up on Tuesday to connect with other investors in South Jersey, this way you can get some more insights from people who have already used this strategy as well as people who are where you want to be. https://www.biggerpockets.com/forums/521/topics/65...

The last meeting was more of a meet and greet, but I would like to start to focus on topics that would interest/help others in the real estate field. 

On another forum/article I read, “If your offer doesn’t embarrass you, it’s too high.”