Time is of the essence and in Ontario if you hesitate you will be sc**wed.

TIP: place you HUD bids on Wed. and Thursday nights so it give you extra time to get your end buyer in place.

I'm thinking a fall wedding might be nice!

I made sure the wife was on board with the investment and committed legally and when she suggested that we "seal" the deal, I just told her I haven't even kissed another girl since my wife and I's first date, except for the bride at friends wedding, It has been 54 years now and I wish I could have 54 more.

Some properties went from on revenue stream to 4 different ones...4- I use the business of REI and created an LLC to defer some of the profits through to family members to help pay for their college as they are "employees" of my REI business and I can deduct (pay for their college)  As i can use about 5k a year as education expenses. 5- Since my siblings are employees of my businesses and are in sales and marketing for the business they use a wrapped (lettered in advertisement) company vehicle going back and forth to school and other business related venues.

I would wait for the next major downturn if you are wedded to investing here.I've posted this bit elsewhere and I'll share it again:I live in Silicon Valley, and I'm an investment advisor who specializes in real estate.

I only dance occasionally at weddings now.

After going through college, the recession, and a wedding, I'm finally at a point where I'm ready to pull the trigger.I have my broker's license, my wife is a Realtor, and my father-in-law is a General Contractor that has flipped homes in the past.

Sorry to crush your dreams, LOL.A residential conversion might be the best thing to do, but I just doubt it, I'd say there will be more commercial ventures that could take the space.Here a theater was turned over for live theater, concerts, seminars even wedding receptions, but that town isn't like here, that might work but off hand, probably not.A bowling alley was converted into a sporting goods catalog store.

Steve, forums can be lousy venues for talking about detailed tax issues.