It’s a flip.....taking more 12 months doesn’t make it capital gains, it’s ordinary income plus self employment ss/med taxes.

He was in a sling and on pain meds but managed to inform me that he had taken care of the foleclosure thru a company I didn't recognise and was already making payments.

here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?

I've stayed in Cancun at the Club Med when going there with a group of friends but we never left the resort and I think most visitors (the many I've met at least) are in the same boat.

Maybe the dude's just ready for the funny farm and you caught him after he took his meds and before he hit the hay for an afternoon snooze in the sweet arms of whatever smack he's on.Seriously, you just asked the owner how much rent the portfolio takes in and he played big-man-don't-waste-my-time on you?

Excellent Ed's and Med's, international airport, port city, close proximity to NYC and DC.

Thats about what the property throws off now but I have to sleep better without meds since the rat tenants had to be evicted.

It is also why such neighborhoods are most likely to appreciate because those who own properties in these neighborhoods are on the correct side of the supply/demand equation.Since your post is focused on Philadelphia, the city has good fundamentals...strong Ed's & Med's, good accessibility to both NYC & DC, own port, international airport etc.

Personally I would focus for areas near downtown/ med center/galveston.

It compared a high school grad going straight to work for UPS and putting in the same hours as a grad going into med school and then residency.