The most difficult part is understanding rehab costs on a project-by-project basis and understanding what rents can be achieved upon stabilization.

A "Qualified Joint Venture" is NOT an entity type it is an IRS recognition of tax treatment as pass-through or sole proprietor.  5. 

Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingI hope BP helps you achieve your goals!

My advice is determine what your goals are for getting your license and find both a course and a brokerage to help you achieve those goals.

Mention you help the average person achieve above average returns, and if they ask questions go from there.

@Tyler Smith I have a property management company that we started to help people achieve financially independent like we have through STR’s that is turnkey if you buy a turnkey property.

It speaks to working free of ego and laser focused on achieving a goal, that no matter what comes you will adjust, improve, push forward until the next problem and repeat process.  

It is a great place to meet new friends and learn about various aspects of real estate and more.Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingI hope BP helps you achieve your goals!

Once that one has achieved an increased value (or rents) by 20%, you can refinance the loan, pull out the equity and purchase another property.  

Our plan is to convert the third floor into another unit so that we can achieve positive cashflow in this high appreciation area, and then cash-out refinance.