I have no experience in this arena, but I have certain skill sets that I've attained in my field from the past 15 years that I know will be helpful.

I just have a hard time with it considering that even fairly newer properties are trading below replacement cost in many cases.

Always good to meet others in the trade.

If you want to trade your day job for income/wealth generation, then let the contractors do the contracting work and stick to the day job until you can afford to give it up!

It's worked out well for me so far, and I'm stuck on year 6- waiting to make my final trade-up which I may or may not do anytime soon.

Also, does he have an alternative investment that he wants to trade this into?

Of course I know that this is not the easiest thing to do with a full time day job, however I believe I have the skills required to make it work and a partner that I can count on to take care of some of the activities and decisions which must be made during the day.

I like overseeing and being involved, but I also believe in letting skilled practitioners do what they do best.

Well you had to be a RE professional to take the deduction and or use the new build in your trade or business IE car deal builds new store he got 50% write off..

From an economic standpoint, I am a contractor by trade and occupied units cost way more to work on - I have to cut materials outside and run the stairs to prevent damage to personals inside the unit instead of covering the floors and working in the next room.