I started going to my local REIA meetings regularly.

Even a Roth IRA is subject to tax when, rather than engage in passive investments, it is engaging in a trade or business on a regular or repeated basis.  

We both got our Texas real estate license 3 yrs ago but since we have regular full time jobs we did not take the major step into full time realtor or investment yet...Fear and content kept us stale but now that land is still in our hands since we did not want to sell it yet but it is now almost 10x more than what we paid for it.

Each room is collecting just around $2,815 per month (no way you can get that much for 1 room in a 6 bedroom if renting regularly) with a Gross Schedule Income of around $200k and a Annual NOI of $98,500.

I'm not worried about that part; my main concern is the expense of the heating, because that's  what people who have electric heating complain about (not the cost of air in the summer; it's similar to regular air conditioners).  

Even in those towns I have rarely heard of regular garbage resulting in a citation but a can may be helpful on that front. you don't immediately evict for this, you send a lease violation and notice to cure.

Unless you have an established flipping business, the gain will be computed in your regular income.

.- Extra bodies in the house - girlfriend and boyfriends that move into the house without a proper lease agreement.  

If you have a well you should test the water regularly. 

Hi everyone, I like to ask questions with some regularity to keep abreast of what my peers are doing in the multifamily syndication business.