Bill Gulley is a very smart, astute, and knowledgeable individual, but his background is that he was a bank examiner (field regulator), so it is only natural that he sees the problem as one of not enough government regulation.

The section 121 gain on sale of a personal residence may still apply if they meet all of the tests.The nature of the distribution would be important as well.

My thought is that it would be reasonable to go back 6-8 months in order to find a like sale in the neighborhood, given the nature that there's been very few retail sales in the neighborhood.

Consecutive events are inferior in nature with some exceptions such as RE taxes and IRS, etc.

Making friends needs to be a natural thing and spending time around groups and people needs to be a primary activity so you can network.It is sales.

I have had tham in the past and they only appeal to a certain type of individual.I have founf most people do not prefer them due to lack of natural sunlight, low ceilings, egress issues and some other issues.The biggest positivei sellin gpoint for me was the cheaper price I can offer them compared to a regular apt.I assume you are talking about a basement that is part of a ranch or colonial or cape Cod that has standard living space above ground?

Many threads of a similar nature already exist:http://www.biggerpockets.com/fair-market-rents.htmlhttp://www.biggerpockets.com/forums/52/topics/30215-rental-compshttp://www.biggerpockets.com/forums/52/topics/72101-how-much-the-rent-should-behttp://www.biggerpockets.com/forums/52/topics/21109-how-do-you-declare-rent-amount-http://www.biggerpockets.com/forums/52/topics/65751-how-much-rent-to-charge-http://www.biggerpockets.com/forums/52/topics/43852-how-to-estimate-what-section-8-will-pay-http://www.biggerpockets.com/forums/52/topics/6508-how-do-you-determine-fair-rental-value-for-a-property-http://www.biggerpockets.com/forums/80/topics/73624-anyone-use-rent-o-meter-to-get-idea-of-rents-in-the-area

All Europe seems like that, I can't cash-flow on this over valued country.I'm going to start investing in USA with a friend of mine who's natural from Michigan.

I would try to hold on a little longer, pay off the loan naturally, then quit claim it over to you.

Its tough to exactly say but its as simple as people not being able to afford higher payments which would naturally pull housing prices down slightly.Personally, I firmly believe that there should be a greater variation in the interest rate a person receives based on their current financial situation, the LTV the loan is written at, and their credit history.