That way I don't let someone off the phone and then realize I didn't have a crucial question answered.

I wanted to thank the BP community for helping me realize my calling and all the support this community brings. 

@Jon HoldmanThank you for the clarification, I didn't realize there is such a distinction with the IRS!

But once you realize it is, you can start forming everything you do around designing it how you want it.

Then, after 4 homes, I realized that if I switched to multifamily I could get to my goals faster because I'm buying in bulk.

BUYER ENTITLED TO MAKE A PROFIT: I understand Buyer may resell The Property and may realize a profit in doing so.

While I still like the idea of starting my own business, I have realized real estate investing is more in line with my abilities and background (my dad is a real estate developer and I did most of the rehab on our current home).

I realize that in the state of NY this may be a tall order, but since you will be there for the majority of the year and only leave to visit you home town occasionally, there should be no issues with the terms.

When looking at the market there, I realized that there are house movers in the Houston area that will see you houses that need repair for pennies on the dollar.

I realize that this is a done deal now- but when you buy a property with leases in place then you are legally obliged to honor those leases.