Dave Van Horn,Love that note about permanent life insurance!

You report and pay taxes exactly the same way in a rental, regardless of whether it's held in your personal name or in an LLC.The issue of passive losses being locked up (they are not permanently lost) for high wage earners is difficult to get around unless you can qualify as a real estate professional (which is devilishly difficult to do).

My plan was to cover up the hot tub permanently.

You know you are in a real estate puddle when you can buy a property and earn 15% when using the 50% rule.During a real estate puddle, it is easy to find properties that beat the 2% rule.A real estate puddle, as opposed to permanent flooding, is represented by a competitive local market, where there is a stable population. ie.

The comments on Park Models is interesting as there seems to be a real growth in using them in MH communities as permanent residences.

But, to start off, my marketing would NEVER imply that I am moving into their house.It is clear that we are a real estate company that specializes in lease purchasing and we work with our clients to help them obtain permanent financing within 12 months..blah blah blah.

Would then be a permanent rental situation.Good luck.

Unfortunately, I don't think that the refi would help pull money out permanently, based on my phone conversation with @Bill Exeter I'll let him comment.

When you get here permanently, there are other REIAs in that area

Say that you're thinking about buying one and ask if they like it.If the appraiser is fat, talk abut area restaurants.