The condo was down in Ybor City (Tampa's latin quarter).

If you will have a significant tax bill you'll want to adjust your day job withholding, make quarterly payments or both.

One of the big take aways i had from last quarter is that unless your really doing things in volume, for the most part traditional ways of marketing seem to be ineffective.

The median home price of $270K was up 9.5% from the previous quarter and is up 21% during the past year. 

My opinion is that we should get as much as possible so that we can pursue a wider range of possibilities, and so that we don’t come up short on any potential deals that we may want to pursue.The difference in the in interest rate between the 80% option and 90% option is a quarter of a percent, which does not appear to be a pro-forma breaker, especially since we are using the HELOC as a bridge loan until we can complete the rehab and seasoning before refinancing into a conventional 30 year loan.Other than the difference in percentage on the HELOC, can anyone think of reasons why a disciplined investor would not want to have a larger line of credit at their disposal?

I have a 12 unit building in a small town filled with great tenants who are older and never entered the 21 st century, They deposit rent checks in a lock box in the laundry room and once a month my wife empties the box and drains a huge pile of quarters out of the coin laundry machines.

Case in point, there is also a short term rental taxation proposal being hammered out in the Massachusetts State house.

(However, the Sec 121 exclusion will shelter up to $250k (single) or $500k (married) of capital gain from taxation.)1031s are only for long-term investment properties.

@Michael ArreolaEnrolled Agent requires completing 3 examinations related to taxation.

On another note there is a meetup once a quarter in Lodi that I try to make.