They totally took advantage of me as a single parent.

Later, I signed up for the premium program with another person, paying $10,000 to Multifamily Mindset for mentorship, expecting to split costs.

A lot of people hope that “working professionally” on someone else’s property will get them close to REP, but the rules are much tighter than they seem.You can absolutely help your parents with the 1031 exchange, but that alone will not qualify you as a Real Estate Professional.

Quote from @Placeholder Placeholder: My parents own a home worth ~450k in a suburb roughly 40 minutes north of Cincinnati.

That is an EXTRACTORS mindset, not an INVESTORS mindset. 

You’ve got the right mindset, and I’m looking forward to seeing your journey unfold.Feel free to reach out anytime if I can help clarify anything or bounce around deal strategies.

I appreciate the transparency and systems mindset you’re bringing to the market. 

When we encounter operators or docs who end up exploring or wanting to own the conversation always turns to lease vs own, and generally docs and I'd say dentists are pretty savvy business people but generally get a little tunnel vision around owning the real estate.I can always get behind owning the dirt and the real estate where you operate, if you have the right mindset and intentions behind it.The basic difference of opinion and philosophy break down to the understanding that the value of the commercial real estate, that you operate out of is only valued at the cash flows of your lease on that space. 

My parents lived in an apartment building until I was 10 years old.  

Quote from @Sebastian Lim: Just got a 56k job in westchester county NY and I'm still living with my parents.