That said, I spoke with the lead electrical code inspector in San Antonio and, as I understood it, updating ALL the electrical is only required where modifications are made i.e. you put in a three prong plug where there was only ungrounded wiring before, that circuit needs to be rewired.

This plus the $300 cashflow would put us at $12,000 per year (if I understood what you were doing with the numbers).

To answer your question, I think that going to real estate is great idea because if understood completely and built step by step on the long-term plan it can really build  one's wealth.Here are few article to get you started:http://www.biggerpockets.com/real-estate-investinghttp://www.biggerpockets.com/renewsblog/2013/01/

I understood what he was saying, but just laughed at him and called him $ussy.

Best to stick to documents that are well understood in the state so there are fewer ways for them to be challenged.

But on the other side, it also can be a beautiful thing and win/win for both of you if everything is well thought out considered, understood, and planned.

I think we already realized we can deduct that.If not already understood, it's central air

@Andrew Postell Understood thank you for all your help and for reaching out.

Plaintiff claimed she understood that,  $650 per monthshe was paying was for an opportunity to one day own the house, but plaintiff claimed she had tomove out entirely after being delivered paperwork for a Notice of Seizure. 

@Jonathan Klemm understood and thanks.