@Joel Owens this is the size of property that I feel comfortable with for my first investment.

The purchase price is so minimal that interest rates, etc, barely put a dent in the pocket so I'm comfortable financing while using most of any potential rental income to just put back towards the mortgage to have it paid off in a much shorter period.

Vacancy and Tenant turnover is the largest expense of a landlord.We can have different views, just some of the reasons I choose to replace single pane windows and older mechanicals.

I'm in the stage of choosing a market a market.

I've done my best to start calculating the numbers for properties I'm looking at in my spare time, but I don't feel comfortable making a deal when so many deals appear to be bad on paper.

The buy-and-flip appeals to me because I've successfully doneit in the past and feel most comfortable with it.I found Bigger Pockets by accident actually.

If he's comfortable with paying you for the referral (which he should be), then have the wholesaler sign a referral agreement before giving him the buyer information.

Figure how much it would take to live comfortably without working then make at least 10 offers a week.

I would personally like to expand into race horses, but my wife is versed in English and Western Pleasure and it is out of her comfort zone at the moment.

*Special rule: If you and your spouse are the only owners and you live in a community property state, then you can choose which of the two classifications you want to use.If your LLC made an election, then your LLC is taxed as a C corporation or an S corporation.Do you need to make an election for your LLC to be taxed as a C corporation or an S corporation?