And next time, try changing one element of the post card to test its impact.

You should at least understand the impact of not having to pay taxes...living in the house for at least 2 of the last 5 years (what Uriah was referring to)....if you purchased as an entity and had INTENDED to hold it when you purchased it, your tax rate could be different than if it's just a flip (see Brandon Hall's absolutely outstanding article on differentiating between ordinary income tax and capital gains...)You could always list your property for sale and see if the market likes your house as much as it likes the other house.

Blackstone isn't just a housing investor - and when they decide much larger market trends make sense for them to focus on PE or any other vehicle - they could have major impact on the housing market.

It got me thinking about why that was and the impact that non-participation could have on my investing future.I realized several key things:FEAR is often cited as the reason for inaction in investingIn my case I call it ego – which I suppose, the bruising of my ego, is a form of fear.

I believe from reading posts here on BP and other sites that to have my credit pulled for a new rental property will probably cost me about 5 points on my credit score for about a year.  I am planning to buy 6 houses ...

I want to use RE to create generational wealth for my children and be a positive impact in the lives of others.

If they are hungry, conscientious, and well structured in the way that they do their deals they will definitely have a big impact on you.Do some networking, and don't be afraid to ask people if they have anybody that they would recommend or even that they would stay away from.Thanks for the feedback everybody, good luck and good hunting.

As far as real estate investing goes, I don't expect the PACES Act to have a substantial impact.

I don't recommend purchasing for appreciation in any market, but especially not Killeen.The high turnover also impacts rentals - 2-3 year is the typical duration of any given tenant.  

After graduation, begin working and paying down your enormous debt.