Long term strategy is to hold until it makes sense to sell, and that might be after only 2 years so I can reap the benefits without getting killed in taxes.

Long term strategy is to hold until it makes sense to sell, and that might be after only 2 years so I can reap the benefits without getting killed in taxes.

Obviously, there are people that leave W2s to get into real estate full time.  

Lot of people don't take action because they don't have knowledge to take action...

@Nathan Gesner If you have preferred vendors and inspect that process makes sense.  

Time is on your side and it seems almost like a waste of effort to pay down loans quickly, if you can let time take care of it without any contribution from you.Not many people have the obsession with REI to grow a significant portfolio, but you can probably manage 30 to 50 doors on the side, before it becomes impossible and you need a PM.

So add the drama of dealing with people who are already not paying for their water.

What I know is what he's saying, and what your saying Doug, makes perfect sense. 

@Alan HaleCan’t answer number 2 but financing has nothing to do with your profit I’m it doesn’t matter what you buy whether a car, home or pack of toothpicks, your profit is what you paid for it minus your costs/expensesWhere financing does come into play is it is a cost as money is not free - but it’s only what you have paid for that financing.Hope that makes sense

Flipping is a high risk high reward endeavor, especially with people just starting out.