In that particular tax year, I had no gains in my Roth IRA (I did however, have significant losses), so the amount attributable to the gain was moot, but the excess contribution (what was left of it) remained.

Because I don't have a tremendous amount of data (27 houses isn't that many) it's possible that the averages over a short period of time may not be too meaningful, but any 12 month period looks pretty much the same as any other 12 month period.I attribute this consistency to a few things:1.

I consider myself a self-starter which I know is an important attribute in this biz.

I attribute a lot of the issues to the landlord who is a slumlord as I would love to live next door to people like the tenants who rent my rental.

That's because any extra value that might be attributed to the duplex could go away if the city finds out and forces you to covert it back to a SFR.

What success rate can realistically be attributed to a thorough effort?

From the research I have done and the input of everyone on this forum topic, I think it is clear the interest is attributed to the use of the proceeds of the loan as described in IRS Publication 535.The second question that is not as clearly answered in the IRS materials is whether the proceeds can be allocated to repaying your personal funds from a purchase and subsequent rehab.

Your partner sounds like the definition of someone that has manic tendencies, which if harnessed and controlled can be a good attribute, but if not, is very destructive in business.

I'm sure it depends on the area, but I flipped a house with asbestos siding a few years ago and it was seen as a "vintage" attribute of the house, not a negative.

My mind was opened and my curiosity led me to real estate investing...Now i know it is hard work and a lot of dedication and perseverence is needed but I am confident I aquire all attributes.