I will buy something else much larger maybe end of this year but will have such a size to be passive with it except for local PM check in for reports bi-weekly or monthly.

I guess my main goal would be to invest in real estate for cash flow, not so much capital gains.

My goal in real estate investing is to get to 10K/month in passive income.

The knowledge you will gain here will help you more than you can imagine!

I think my biggest concern is making sure that I am making the proper disclosures to show that I am not taking advantage of potential real estate customers for personal gain.

The seller could be fibbing to me (oh the shock), but he told me his tax guy said he would be taxed at his current rate long term capital gain at the net after basis and depreciation recapture EVEN if he sells to me on seller financing.

Keep in mind your state usury laws and if the buyer is going to live in the property, I would suggest you avoid such an owner carry to avoid the new DF (Dodd Frank) laws and pitfalls that come with it.The question really is, what king of return can you get in another passive investment?

I wanted to first off thank you all for the wonderful guidance and advice that I've gained from the site over the last few months.

I have been noticing that more and more in GA in my target areas.

My goal is to create passive income and build assets so that I can take time off from medicine and relax a little more.