I love city investing, though sometimes it isn't for the faint of heart :D Frank and I just closed a deal together, and we're pretty sure it will be a superb addition to the city portfolio.

However, during renovation, I managed to fall in love with the house, and against my brain, I went with my heart (mistake) and restored the entire house- top to bottom.

It is in an excellent location (in the heart of DC) and will reduce my daily commute time by approximately 1.5 hrs.

Two areas I like are the north end, near Sacred Heart Univ / Trumbull Mall and Black Rock, bordering Fairfield.

I am a wholesaler in the Houston market and I'm from Upstate NY...small world.I'm glad you're following your heart and going after your passion to flip houses.

It seems a lot of the big funds/private equity took his advice to heart and started buying up thousands of homes after he made these statements.

If someone brings me a deal and its priced right, I'll pay them in a heart beat no questions asked and I think most smart investors would say the same.

This business is not for the faint of heart to be at the top.Anymore specific questions just ask.

I'll offer this partial answer as my guess: Option payments only become ordinary income in the year that the tenant buyer walks on their option to buy, buy moving out, giving notice and you 2 don't have some change in heart and return some of their option.

It's great that you like to read, I believe with all my heart that the best learners become the best earners.