I have also listened to every podcast multiple times.To give everyone a little background on myself: I recently withdrew from an accelerated combined undergraduate/graduate degree program after the first year of the MBA portion for reasons I will discuss below, and subsequently was awarded a Bachelors Degree in Business.  

The opposite is true of course in a fix n flip business where your current expenses (cost of goods, etc) have an immediate impact on your profit and subsequent taxability.The answer to your dilemma of depreciation recapture is to use the 1031 on the buy and hold side. build tax advantaged equity with that by indefinitely deferring all tax on gain and depreciation recap. 

Focus on simple concepts first (walk before you run).Yes, it's possible to purchase a property from a seller using seller financing and subsequently resell at a profit. 

Hi Community,I am looking at a property which is foreclosed.It had below events on property:1\1\1999 Deed of trust -- Owner1 -- ABC Mortgage1 (Subsequently Released)1\1\2000 Deed of trust --Owner1 -- XYZ Mortgage 2\1\2000 Release --Owner1 --ABC Mortgage11\1\2002 General Warranty Deed With Vendor's Lien Owner1 GrantorOwner2 GranteeNote: Document also mentions about DEF Mortgage being first Lien mortgage1\1\2002 Deed of Trust --Owner2 --DEF Mortgage Appointment of substitute trustee on DEF Mortgage to Owner2Considering above events on property will the XYZ Mortgage of owner1 wipe out when the foreclosure auction happens on "Owner2 --DEF Mortgage" ?

In subsequent years I've used TurboTax and have had no issues (but no complex tax situations, either).This year, when I filed my first LLC (partnership) tax return I thought I'd skip the "by hand" part and just use TurboTax business.  

Even as we move on to subsequent chapters, please feel free to go back and comment on previous chapters.

This is important because the first gets paid before subsequent loans.  79% LTV (Loan To Value) is the balance of $41300 divided by value of $59000.  12% ROI (Return On Investment) is what the Craig's List poster believes your return to be if you purchased the note.-$41300 balance/12months seasoning with cancelled checks $41300 balance is the principal that remains outstanding to be paid and the basis from which interest due will be calculated.  

I would then add the stamp and drop it in the mail.These leads would then be added to my CRM and incorporated into subsequent larger followup mailings.

What should I write to them the second and subsequent times (should they yet to respond)Is it better to hand write my letters (BTW - my hand writing is sub-par and I have not the funds to pay a professional writer), or will typing do the trick [for now]?

Admittedly, the full effect of the last true bubble, and subsequent crash, has yet to make it's way completely through the system, but many of the most dangerous holes have been identified and plugged.