Otherwise, there are so many ways to slice the real estate pie that it's just too easy to get distracted by next thing (short sales, lease options, pre-foreclosure, etc.)As far as connecting with other investors, you can do so here on BP of course, and you can also check out local groups such as Black Diamond REI in Massachusetts or RIREIG in Rhode Island.Also check out the BP Ultimate Beginners Guide especially the sections on networking, finding mentors, etc.

It's never been a better time to try to network in OC, there are so many meetups and resources in the OC and LA area.

Happy to network and assist in your real estate goals.

I would be wary of anybody you meet on BP or in a networking event that immediately jumps to investing.

Talk with your CPA to figure out the best tax strategy moving forward. 

Also, network with other investors.

Anyone interested in that area I would love to connect and see if we can make something happen.I am looking forward to this new venture and meeting and networking with others here at BIGGER POCKETS.

The blogs, podcasts, articles, and forum are excellent resources for you to learn and perfect whatever niche you are pursuing in real estate investing.Also, I would consider joining a real estate investment club in your area and network with other real estate investors and professionals in your area (appraisers, contractors, lenders, title rep, escrow agents, etc.).

@Shane V Charles Your best bet would be to attend a few meetups in JC/Newark area and network with other investors.

I’m sure you and your cpa will arrive at the correct answer by tax time.