Its down to 6 weeks, but is no joy when a tenant moves out.

S corps are pure flow through entities, and the shareholders have to pay taxes on the earnings regardless of any actual distributions from the company.

That's not newsworthy - it happens every time no matter who or what causes the fall.The sell off happened with FDR as well, it really tanked when he took officeObama's campaign was Pure FDR, I think his timing is Herbert Hoover thoughWe shall see.Clinton took office in the tail end of one of these.

Joy,A key to real estate investing is to find out as quickly as possible what they NEED you to do, not what they WANT you to do.

I feel more comfortable them not knowing who I am and never stick around to observe their reaction - the joy is all mine!

If you come seeking advice, you should be open to receiving it and really thinking through each suggestion.For example, you believe you can't sell your cars because you are underwater but let's look a little closer using purely made up numbers:o Assume $1000 in monthly car payments total for the next 24 months = $24,000 more to be paid.o Also assume that you are "underwater" on each car $5000 so if you sell both, you need to bring $10k to the table.o Replace with a single crappy car for $3ko Ignoring time value of money, you just "found" $24k-10k-3k=11k.

But it is pure speculation, just like trying to speculate on the housing market.

The key is that they are essentially investors purely.

It's the best way to get favorable financing, and it will help you gain knowledge on the joys of maintenance and repairs.

This has bad idea written all over it.First, lets look at this as a pure rental and assume the market rent of $1100 and a purchase price of $100,000.Rent: $1100Expenses: $550NOI: $550Payment: $665 (P&I only, $100K, 7%, 30 years)Cash flow: -$165Even with the more optimistic assumptions I tend to make, this is, at best, barely break even.You're probably going to need to put some cash down to get an investor loan. 20% is pretty much minimum.