They buyer then goes to get a loan from the bank, and in the course of due diligence the bank finds out that one of the sellers has a tax lien judgement against them for $320k ( the property is selling for $130k ).

This will also depend on your capital.

I think there is a few dollars left over depending on a few variables

Tax Benefits - Can deduct most of my mortgage interest while building wealth.4.

It would depend on how high of a sales price you are targeting.  

U NEED your W 2 to qualify for loans full stop.. as your starting out. so just be realistic time freedom can come with a switch to full time RE agent you will get more free time but RE is very very tough.. and once you go self employeed you need two solid years of tax returns to qualify for funding..

Depends on the quality of the repair and how well the tub is supported.

Hey @Carlos Martinez - I'm a broker & investor in NYC. 1 - Technically getting insurance is on you, BUT it doesn't mean the agent shouldn't be helping you by giving some recommendations lol... it's an odd thing to tell your client that it's not your job anymore. 2 - In terms of paying out of pocket the commission difference, it depends on what agreement you had with your agent.

Hey David, I would say this largely depends on how many units you have, the age of the building, and the quality of the building/neighborhood. 

The owner portion is enjoys homeowner capital gain exclusion, the rental portion does not.So it all depends on how you prepared the taxes for the last three years.