Stay the course, keep learning, and feel happy when your solid offer gets beat out by a crazy offer because those people are going to be losing money on their investment in two years while you will be cash flowing from being patient and waiting until the market softens a little bit.

This will allow you to slowly step back from the business over time, yet be able to maintain control and not lose ownership if the partner finds out it's-not-as-easy-as-they-thought-it-was and starts to coast.

Once you make a sale, your loan will be paid off at losing.

I am open to meeting in person in any City or State of mutual market interest with a desired end goal to build a team, joint venture possibilities, and the aim to build a solid network.

Sounds like the tax experts don't you can escape taxes, so you'll lose?

Before anyone can venture a guess, they need to know where the property is; transfer taxes, recordation tax and doc stamps can vary wildly across the country.  

I will be going to talk to my accountant in the coming week and will also see if he can recommend a real estate lawyer in the area.What would be your advice to starting out this venture?

Just hoping to find some way to avoid losing so much of the gain to taxes!

So far so good.My wife and I figure as long as we’re not losing money, we’ll be fine and can just see this as the opportunity to learn as much as possible on our first one.Thanks again!

My goal with this new venture is to build a portfolio of multi family long term rentals.