Home prices in various metropolitan areas for the 2nd quarter -- there are still some double digit growth markets, but if you look at the overall, growth is small or non-existent (the midwest is pricing at 2% lower since last year).http://money.cnn.com/2006/08/15/real_estate/metro_prices_table/index.htmWhat does this mean, especially coming from me?

Now don't get me wrong, there are somethings he points out that I agree with 100%, but hard to claim you can review investors, when you haven't been an investor yourself for almost a quarter century.

In response to the issue of taxation: This is not a simple topic; this is why you want a good accountant on your team.

You get to exempt the first $250K for a personal residence ($500K if married) and you pay no tax *at all*.

if you live in Utah, and have your S Corp filed there, and want to invest in Seattle Washington, you speak to your CPA and he'll tell you if you need to even register in the STate of Washington to transact business there.ask your CPA.now, as for LLC and self-employment taxation - talk to your CPA first before you jump to conclusions about S Corp vs LLC.

The following is listed under the listing of amounts to be credited against minimum wage:(E) If, as a condition of employment, the employee must live at the place of employment or occupy quarters owned or under the control of the employer, then the employer may not charge rent in excess of the values listed herein.Another property owner that I know provided me with the two scenarios that I listed in my original posting.

This deduction provides a tax shelter that can shield positive cash flow, as well as the equity buildup occurring through principal reduction on the loan, from taxation.

In reference to double taxation on a rehab, I am not sure exactly what you are referring to.

And is that something I have to pay immediately, quarterly, or just by the end of the year.

So, you're paying a dollar to the bank to keep from paying a quarter to the gov't.