Regarding taxation, talk to your cpa on how insurance proceeds then the sale of a property after being damaged impacts your cost basis.So for me, spend the $ to demo the property and sell the land.

Or, would my money be better spent someplace down south or by a National Park that would have year round traffic.My goal is to have a place where my family can spend a couple of weeks during the Summer, pad my retirement a bit, and have a place to leave my kids.Thank you in advance for your input.

I view the soft expenses as things that WILL happen and so the money is accounted for when its received even though it isn't spend on a monthly basis much like how taxes and insurance are often escrowed. 5.

@Ashley Gamble not sure how I didn't see this before but I hope you have made progress on this issue by now.

Let me guess  you do feel “that guilty”  it’s easier to ignore $500 you didn’t get than $500 you have to spend  According to you she has saved $6-$12k per year every year she’s been there.

I've always used a mix of tools to track my net worth and spending.

I think a lot of times you get what you give - I've been a part of a couple during times where I really just wasn't spending time interacting, making posts, doing the assigned tasks, attending all the calls, etc.

I’ve been listening to the BP podcast for sometime now and finally decided to go on the website and spend some time here.

I wanted to introduce myself as I am incredibly anxious to step foot into the incredible world of REI and would love to know if there are any local investors that meet/would like to meet on a semi-regular basis.I currently have a full time job in outside sales in the Arvada area so I do a lot of driving around which enables me to spend a lot of my time listening to podcasts and educating myself but I would love to get to know some players within my local area to really dive deep into the subject and in which I could potentially be of value in the future.

Go fly in for the day, or better yet spend a night.