I have my first couple deals identified and they are auctions.

So that amount would indeed be taxable if there was that much total profit in the property.If you're still in your 45 day identification window you could identify and purchase more property. 

@Matt B.I use my phone to record and narrate the walkthrough, which means that I'm pretty much forced to use paper for identifying all of the scopes.  

Once you identify the sponsors you want to invest with, educate yourself and can compare various deals, it will become easier to sift through the offering sent your way and pick what works best for you.

Then compare an "appreciation radius" to the rents in the identified areas.

Hello,I am looking to purchase a small multifamily (2-4 units) property to use as a house-hack in the next 6-12 months to get my start in real estate. I'd like to get some insight into how to select a market to invest...

Also focus on identifying motivated sellers there are always people that need to sell for specific reasons I can call it the 5 D's : Death, Disease, Divorce, Disaster and Distance. 

In my opinion, your first step is identifying your team.

A good attorney can identify potential problem areas ahead of time and work with you to craft the language so you are protected.Insurance AgentLike a good attorney, a good insurance agent is an essential member of your team.

This replacement of non-like receptacles, forced the technical committees and code writers to come up with language in the code, identifying this practice as not up to code and creating language that would allow enforcement of this practice.