In life, anything that seems too good to be true, probably is.

I just finished a career as a professional ballet dancer in Aspen, Colorado but I have been coming to Portland for the last couple of years visiting my husband who moved for an opportunity here. 

They are saying that investors are having a hard time finding true deals and that even most wholesalers are pricing properties to high.

I have looked at a few strategies to get started and the one that sounds the most appealing to me right now is to purchase my first property as an owner-occupied multi unit or a single with additional rooms to rent to local young professionals.

What is true NOI while investing in NNN property?

That could trigger the IRS to not count the sale as a true 1031 exchange.

As far as the joint venture, you can decide if you want to do a true joint venture, where you get a % of the deal for being an investor, or you can just get interest on your loan.

@Jason BocekIf you plan to file your own return - You should look into reading the following form instructionsSchedule E - supplemental income and lossesForm 4562 - Depreciation & AmortizationForm 8582 - Passive Activity Loss LimitationsHowever, you may be better off find a professional who can prepare your returns correctly and provide you tax advice.Your rehab expenses may need to be capitalized if it was paid before the property was livable.You should be entitled to other expenses outside of interest, taxes, insurance(remember paying down loan balance is not a deduction).You should interview a couple accountants here on BP.

I think you need to find professional company to help.

With that said, I think it's time to release the reigns to the professionals so that I can focus my efforts on growing my business.