So, there is a legitimate reason to have fears, or concerns, or whatever you want to call them when investing in real estate or any other high risk investment.

Something I recommend to everyone is to take a look at their monthly expenses every so often and see what can be moved from the personal side to the business side.Remember, to make an expense a legitimate write-off you need to ask yourself if that expense passes the "reasonable and necessary for the production of income" test.Many of you who run your businesses through S Corporations (or LLCs taxed as S Corps) know all about estimated tax payments, too.

The problem was that the clients would quickly abandon these efforts.As for security, web apps are the wave of the future, but yours is a legitimate concern.

IRS calls this a "Bargain Sale" and it is perfectly legitimate if you follow the rules.

Are these legitimate deductions i've been missing all along?

You can't legitimately borrow the down payment for traditional 1st mortgages usually.

You should be more concerned with income history (stability and sufficient income to afford to rent from you) and payment history (does their credit report and report from previous legitimate landlords demonstrate they pay their bills and rent on time?)

And one day you will be analyzing one of my deals.For now the message you are getting from everyone seems to be that if this fellow is legitimate, he'll be worth every penny and you will do very well to build a long term relationship with him.

I owe $240k, and could legitimately get $24-2600 per month in rent.

If anything, the behavior of renters has more controls on it than the behavior of owner-occs.The only place this complaint is ever legitimate is in a condo development, where a high percentage of renters can in fact impact the salability and therefore value of the other units.