If you wanted to be a full time commercial broker that is where you go and cut your teeth for a few years until you earn your stripes.

After all managing vacation rental is like having another job, the ultimate goal for every investor should be to create enough "passive" income without having to work to earn it.

Congrats on your well earned success here, and I look forward to hearing more about what you have going on soon! 

(Some will limit to 75% for investment properties)With this in mind, you have a few options:1) purchase with a mortgage, put in the extra 20% down payment plus rehab costs, then refinance in 6-12 months.

Most lenders require minimum 25% down, but I am particularly interested in 20% down so my cash isn't all tied up and I can use the extra cash to deal with contingencies.

You must be a licensed agent or broker to earn commissions.

Then its not really a 2 unit or extra apartment in a single family.

If I receive a small cash flow of $600+/month, that is nice, but mainly I want to do it for tax deductions against my personal income so that I ultimately pay less in taxes and earn more throughout the year.Assuming I have a single member LLC with the property under said LLC, when I go to do my taxes - TurboTax asks me "Let's See if You're a Real Estate Professional"So of course I have a few questions:1. 

Again, we are not JUST buying the rights, as I know that is an issue in many states, but we would purchase the property at auction and then pay some extra to the owner for them waiving their redemption rights. 

And I certainly haven't given any of my hard earned money to a so called "guru".