We’ve begun meeting regularly with some other bay area friends who are also embarking on this journey so at least we have some other minds to tap when needed.

The flip shows pretend they are buying everything on their own.For the regular shows like Flip or Flop, they don't normally show them at the end of the show not being able to sell or selling at a loss.

I paid cash for the whole thing.Ryan Regalado  One of the best networking things I've done is to regularly go to the weekly foreclosure auctions with no intention to buy but every intention to network.  

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.