Then you can use your earnings to buy a bigger % of the next deal!

He lives at home so I can't move in with him, and I live too far from his work.I'm trying to decide if I should take a leap and buy a mountain/lake property for under $400k first to try and start earning extra money while I can take the risk with my cost of living so low.

Additionally since you aren't buying this asset in its own legal entity that pays its own taxes, the earnings will flow through to your taxes.

Income earned by a retirement account will not be reported on your individual return.The way it will impact your return is when retirement account funds get distributed to you personally. 

Syndications are wonderful opportunities for a lot of busy people, investors with careers and retirements and families, to tap into the track record and team of an expert to manage their real estate deals.

So you could put $100,000 into three different homes and your $300,000 invested would earn you $27,000 and not just $9,000.I would consider looking into pulling some of that equity out of your current home, pooling it with the money you've saved, and investing in other properties.

I want to make a career of this. 

I absolutely think that the Cape Coral new construction is one of the best opportunities we've seen in our investing career! 

They're always happy to give you a quote and feedback on the market, it's how they earn business.  

I've probably been in more than 10,000 foreclosures during my career, most of those though about 10 years ago.Live close to where you will work if you can.