I have done a few deals and consider myself intermediate level.

Pros to this approach would be lower starting cost (I am still saving up money for a down payment) and not having to deal with tenants.

Real Estate Investing has given me the opportunity to quit my day job, create passive income, and free a lot of my time back up to be able to do what I love.However, with each new "level" of success brings on new challenges and hurdles along with that stage of the business.I am curious to know: What is the #1 Struggle in Your Real Estate Business Today?

You can borrow 50% or 50k, whichever is lower, from your 401k with no tax implications.

A full description can found in the RCW itself and the subsequent Washington State Supreme Court Opinion on the Washington State Legislature website and linked below.Attorneys tell us "the penalty for engaging in a "pattern" of equity skimming that is set forth in the Distressed Property Conveyances Act is found in RCW 9.94A, as a Class B Felony, Level II offense", which can include confinement in a state correctional institution, fine or both.

Dallas County and Collin County, but our basis is considerably lower than prices now.

Now tenanted and has some operating history to show.Basically there should be a 'story' behind why there is limited info being provided and you need to find out what it is.Regardless, limited information means more guess work on your part which means more risk and so a lower price to mitigate and leave a bigger buffer.

Hi Eric,If you are talking about your personal tax liability (at the federal level), the formula I use is: NOI-Total Debt Service= Cash Flow; Cash Flow+Principal Payments Added Back (on debt service)-Depreciation=Taxable Income/Loss. 

Home builders have pulled back to support levels and I expect a big bounce in the next month.

I would suggest you to attend some local BP meetups and network and meet other fellow investors with all levels of experience.