@Desiree King It's a very active area for wholesaling so you should be able to do well starting off with that.

Great to see that you're going to start getting more active on BP.

I have about 30 years of construction management experience and I had an active real estate broker license for about 30 years too. 

We owned a 2 bed 1 bath that we purchased in 2006 and shortly after buying it we learned from the city records that the 200 SF bonus room was not a legal addition and the walls were basically poorly mortared cinder block on a concrete floor that was covered up with drywall to make it appear like a finished space.

You also have the added burden of Self Employment Taxes if you are actively participating in the business.In my opinion, you've jumped into a business without understanding a lot of the administrative aspects of it. 

Hi All, just purchased my first small commerical space in the Chicago area.

I plan on starting this while in the USAF and hopefully having it replace that income in a few years, I would love to be able to sit down and talk with you sometime and hear about how you got started, Ill be back in the US from a deployment rather soon and hopefully be able to be more active on here, thanks talk to you soon!!

Here is the opening paragraph of Bulletin 012:"Property Management means the physical, administrative or financial maintenance and management of real property, or the supervision of such activities for a fee, commission or other compensation or valuable consideration, pursuant to a property management agreement.

So in the end I guess it really depends on how comfortable you are in diving into the multifamily space and what kind of partners your able to develop! 

3b) If the I purchase a property with an active IRS lien and they pursue it, what happens?