Possibility that it could be used as a venue business by you should not play into equation of value unless current owners are bringing to you signed future contracts for events.2.

Though I was upset, I started to play the long game over the next 2 weeks.

I obviously have a lot of equity and I was wondering how the math would play out if we used average interest rates on the current mortgage.

If you know what you are doing, you would double your money in about 18 months with a value play.

The purpose of this tax is to level the playing field for tax-paying businesses and prevent tax-exempts from driving them out of business.When you add debt-financing, which introduces its own layer of taxation, forget about it.Being a lender to other flippers with the IRA is the better approach, as interest income is passive in nature and not subject to taxation.

Since I have no stake in the Jersey Shore, not sure if the same scenario is playing out there. 

Ask a mechanic for career advice he's likely to be able to tell you how to become a mechanic.Ask a postal worker for career advice he's likely to be able to tell you how to become a postal worker.Ask Tiger Woods how to play a better game of golf he's likely to be able to tell you how to do it, ask him how to be a better real estate investor, and you probably won't get the best advice.How many rental properties does Mr.

Fractured condos are a very risky long term play.

No one knows how it will play out.

I think @Jay Hinrichs can attest to that, virtually every one of his posts reeks of even-handedness and fair play :)