Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting. 

Aside from strategy you must understand how to underwrite a deal. 

My non-professional understanding is that those losses can only be used to offset income from that property.

Otherwise, I'd say watch those areas closer to Micron understanding the barrier to entry will be significantly higher in exchange for the lower risk.

I think most of horror stories came from people who do not understand how insurance system works.

So, as an investor you have three paths to follow to try to “capture” the rare property that meets the above characteristics. 1.

I understand that with traditional mortgages, it is unlikely to receive lending that incorporates speculative renovation costs.

It doesn't seem this "accelerator program" is offering anything of true value and quite frankly I am surprised someone such as yourself who has 10 years of experience and owns 50 properties would fall for a gimmick.I've had friends and family swindled by the gurus and seminars out there (I've been duped myself before) so I can understand the cynicism, but not every community is just a gimmick.

It sounds like you’re in a great position to succeed, given your extensive renovation expertise.As a fellow real estate investor, I completely understand how challenging it can be to choose the right design elements, especially when you want to make a space appealing to potential buyers.

If you get 1% to get an appointment / follow up call and close on 1 you are winning.