I'm not opposed to setting up my books properly from now on, but am afraid it combined with the late filing will trigger an audit. 

Am currently thinking buy and hold, although not opposed to BRRRR.

@Corey Stevens Without knowing your market at all, if it is an area that people actually want to live (as opposed to being forced to live in) if the rent payments are covering your mortgage payment when purchasing a triplex then I think you are ahead of the game. 

The inspection contingency protects you in the event there are major repairs found on the property

Besides listening to audio books, reading books and networking events.

My plan is to upgrade the rentals,  re-purpose the warehouse into an event space, which will create a significant value add and ROI. 

@Adalberto Jimenez  I would also recommend visiting the Events page under Network, in the top banner menu. 

and what social networking events you attend as well? 

That means going to local networking events.

I have only been a few times myself, but have connected with several other investors and know of several properties that have been purchased or sold through this networking event.