But - if you have short term flips ( less than one year until sold), short term wholesale sales, etc - and if you do more than the IRS deems "part time" or "singular in nature" - the IRS can label you as a "Dealer" - if so...game over.

The local listing agent and property preservation company will have to agree that the new damage is actually new, so it's not easy to get away with bogus damage.There are some games you can play with the contract to get more than their 48 hours, but not a ton more time - usually another 2 days max from my experience.  

Tenant should adhere to a healthy lifestyle and perhaps engage in professional sports like football lineman or basketball center. 

The logistics of buying something, renovating it for an unknown variable cost and then (hopefully) selling it, for a profit mind you, before the carrying fees eat up your profits is a scary game.

You would still owe the same amount either way, but BOOM now you have NINE financed properties and can still get #10 Fannie/Freddie and avoid the 7%.There are also games you can play with putting the property and debt in your spouse's name alone (we're a community property state in CA so it makes little difference so long as you're married), with shoving the smallest debt amount into commercial, and a few others, but rolling your lowest mortgage balance into the property that you have the most equity in is the most commonly successful technique.TLDR: You can shove as much debt into as few properties as possible to avoid the 10 financed properties cap.

A lot of the typical guru info out there would be illegal in Ohio, but SSU will teach you the rules of the game so that you are not breaking laws.

In the past, I didn't think it was possible for me to engage in other activities other than working at my job.

Get your questions down and engage one or more for these free consults if available in your area.Its better to get professional opinions rather than be hit with a 5-6 figure amount for tax or liability.

It's a numbers game even for cash buyers. 

Certainly wish I had gotten in "the game" at your age...