Marie, I know this topic has derailed from your original question, but thanks for starting such an engaging thread.Jason:  I'm not sure the thread derailed, but rather reflects what I suspected.  

:) Very true, Rachel.Of course, the ease of entry in the stock market reflects the risk of loss - they are directly proportional.

You are able to use the leased rental amount or potential market rent at 75% as a 25% vacancy rate is used if the property is not reflected on tax returns.

Much reflection and thought later, my mind led me to REI.

The positive outlooks, the honest reflections, and the bare bones message of "Just believe in yourself and give it a shot!"

Your accounting will reflect that.

You just have to make your purchase price reflect the fact that you are paying the closing costs.

Great tenant is good to go so long as the reports reflect what they have told us.Then the reports come back....Multiple pages of accounts in collections or a criminal history.The idea behind the fee is A.

I plan on using conventional financing and the numbers I posted above reflect that. 2.

***Realize that I am not an attorney and not providing legal advice, only reflecting how we have our JV deals set up, based upon the advice from our legal counsel.