See the last sentence of preceding paragraph..Please, find something that will pay you for the privileged of owning it, not the other way around. 

Exactly one half of my tenants have Section 8 Vouchers and the other not, but having an S8 Voucher does not grant any special protection or privilege.

Regarding the Phoenix rental tax, my understanding is that you only have to pay AZDOR Privilege Taxes if you have 3 or more rentals (one could be in Phoenix, the others could be in different AZ cities).

Many investors won't touch an opportunistic strategy at this late stage of the cycle.And if the article is right, the investor has to put their own personal credit rating on the line for the privilege of investing.

So what on earth would make me believe that these privileged, self-supporting, and independent sons and daughters of mine need money more than people whose homes were destroyed by tsunamis through no fault of their own?

You’ll be paying a small amount of interest for the privilege, but the expense you’ll incur will be well worth the points your credit score will gain.

I agree an active business inside of the 401k would incur UBIT.Since I deal mostly with RE investors I like the no solo 401k UBIT exemption for debt financed income.Also, the borrowing privilege has helped several people to fund their personal real estate investing.Hmm...I used the wrong term in my post?!

Failure to do so will result in a loss of privileges.

Maybe we need to change the voting system so that voting becomes a 'privilege' and not a 'right' -- something that is earned.As long as politicians can earn votes by promising 'something' for 'nothing' they will continue to pander to the great number of people that want something for nothing.

That could be 1 house, I guess, or 50.If you are tagged as a dealer then you will be paying self-employment tax on everything you make, and you will lose any 1031 privileges.