I wonder about the advice you received from your tax planner if you honestly believe that and have based that belief on their advice.

Hello BP Friends, I've been strolling the site and listening to podcasts religiously and I finally have my first four flat deal-Southwest side of Chicago - McKinley Park-Completely rehabbed 2 years ago-All units are the same 2bd/1b-Fully rented, Market rate for rents apx $800.

The obvious ones that everyone knows all too well were CA, NV, AZ, FL and my state MI (due primarily to the big three automakers), but it is my understanding (or at least perhaps my misguided belief) that some states were hardly affected at all, such as IA, KS, NE, WY. 

While I can see everyone's point in this thread, I will continue to operate on the belief that we get what we focus on.

Responds quickly, if briefly to queries, and isn't always trying to close deals with every interaction.My belief is that the majority of experienced agents have one mode of operation called "close new residential buyer" and they can't seem change.

It is because I make good money in my day job that we religiously keep track of our financials in the landlording business.

My belief is, with all the people losing their homes, your average bread and butter rental in a good neighborhood with good schools will be in higher demand for the forseeable future.

I would think if it had either, that is a good sign...What about religious organizations like churches nearby?

"Events can change; this man's beliefs never will.

I cant help but consider what influence political ideology and/or religous/spiritual beliefs have on how one chooses to conduct business.