Now, to know he feels defeated not by his work, but by his employees, I feel a sense of disappointment.

Michael Seeker Dave Foster Is that mean that the proceeds from flipping business has no way to do tax defer?

Full rental, vacation rental, employee rental?

Im a federal employee.

After further thinking, I think in the short term, I would like to have enough passive income to support my parents and myself so I can quit my job as an employee, and start a business venture.

Looking to start into real estate and my goals are to develop enough cash flow to cover living expenses and get out of the rat race of working as an employee.

Let's see if @Dave Foster has a sec to help.  

Hi @Sylvia Foster There is a great discussion under: Buying & Selling Real Estate Discussion  Cleveland Wholesaling and the Law.

Oh, and since the Bay Area is a big place, any recommendations on the Peninsula would be preferred (Redwood City, Palo Alto, Foster City, etc...)  

I have two tenants in my rentals and both are out of towners, and I work at a mid-sized company that seems to attract new employees from other areas just as much as hiring locals.What will cause the housing market here to correct?