I just wish I could write off my gambling loses when I go down to vegas, but the CPA says that won't work.  

I imagine those that deal in prostitution, stolen merchandise, fake merchandise and illegal gambling may also launder their money.  

I will say, NJ is a gamble with crazy property taxes, but there are loads of people making it work.

Have been many times a year for diving, lobster season, sport fishing and just to visit and bring out of town family.

Unless you think it will appreciate big time (always a gamble but hey, we all have our methods.)

Be smart and you shouldn't have anything to worry about.Furthermore, the city is currently undergoing massive redevelopment; a new sports arena, an international bridge crossing comes soon, streetcar line downtown, and billions on top of billions put into redevelopment of vacant/derelict structures.

If reading between the lines looks like you maybe do sub too deals and or owner finance and I guess you find owners that require no money down to take control of their property.. or something like that.you mention a sports star..

Interested for finance or invest in any of the following:*Real Estate*Resorts*Restaurants and Food Courts*Schools Science research*Shipping Cruises & Shopping Malls* Manufacturing firms*Sports Facilities*Constructions firm*Resorts & TourismDo communicate me via email only with attached projects summary/business plan.

It can do a 360 of real estate listings, follow your kids, and keep track of all those great tricks in sports!

It's fine to invest hoping for appreciation, but counting on appreciation as your sole business model is gambling with all the risk but none of the fun.If you want to keep it, I'd consider using it for a vacation rental.