I previously transitioned away from a corporate role so I feel your pain lol. 

Feel free to delete this thread.

We stopped in last 2021 to allow for a pause / stabilization and are now doing some build-to-rent.I feel this is, now, a harder market to get great cashflow, but we have seen good appreciation and good rent growth, so eventually more cashflow will come.Happy to meet up for a Diet Coke and chat. 

Your gross income is the total amount of proceeds that you received from all the sales which is $500,000.You then have 'inventory' which is the cost of the purchase price of properties, rehab, materials, etc that went into the properties.You then have overhead costs such as driving to the properties, LLC Fees, etc which are expenses and then bring you do your net income.

Only an accountant would bring this up but it highlights one of the greatest tax strategies available.  

Also please feel free to share ang tips and pitfalls to look out for.

My cause of conflict is that I feel like I am getting a great deal because of the price reduction I got.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Feel free to DM me.1.

If you feel confident in running numbers, I would say your first step is to reach out to various wholesalers and get on their distribution list.