He sold the property on an Installment Sale, so the Installment Sale Rules apply, and those Rules say that the capital gains is taxable as he receives it with each payment.  

He called me today to let me know that I won his annual contest for oldest C/A unit, and that I would receive $1000 off a replacement unit installation cost if I wanted to replace it.  

 @Stanley Kong I just received 1 month notice in my duplex yesterday and I believe I will list for 1200, I try to Keep things clean and performing well and it will be at the top of the range with a monitored security system and dishwasher.

Your advice is appreciated.To provide some more clarification, yes, there are 59 Barn Stalls that have potential to receive $400 monthly each for board.

One piece of advice I received was to keep your focus in a smaller area and to crunch the numbers often using the 50% and 2% rules.  

Yet despite that, investors still demand and receive better oversight and skin in the game.

If you work too far from here, it might be something to consider, however if the financials bear out to be favorable (rent price etc) you should definitely sign up on Redfin (if you haven't already) to receive alerts anytime something within your parameters is listed. 

Do you have any “add on” fees (hidden fees )When do i receive my rent checks?

Hello Everyone,I received this message a while back from Aaron Junck, another Sioux Falls investor that has been active on BP.Mike, Our REIA meetings are the 3rd thursday of each month at 630 pm at the Keller Williams Realty office just behind 69th and western on the northwest corner.We have another REIA group that meets the 3rd saturday of each month at 9am at premos tax on 26th and marion.I am currently in the process of trying to combine the two groups but have nothing set in stone yet.I went to one meeting and it was informative but I have not been able to get back to another one yet.He also provided a link to one of the REIA websites.  

People will say “No”, just don’t take it personally, they are saying No to what you are offering and not you personally For every No you receive, gets you closer to a Yes.