If enough money was received someone else can chime in as to whether or not the IRS would get the money before the pretenders.  

@Joe Villeneuve , yes I know that stopped rent is not ACTUALLY counted as income; my point was that you still have to live somewhere, and Joe, if your own door costs you more each year than it generates by you charging yourself rent (which you can't even pretend to do according to your own argument), then by definition your home is NEGATIVELY GEARED!

You should be comparing what $20k does for me, and you in a year...or, whatever you paid for your property and let me use that same amount, and compare those results.I am not pretending to know your strategy.

When The Waterfall Structure is BetterLet’s pretend a property returns about 10% each year consistently for 5 years and you’ve invested $100,000.

You can use words like "pretend" or "made up" instead of proforma for all you really care.Price paying (Per Sq.

Too many wholesalers pretend they can buy for cash and do not explain the process to the seller.

I don’t pretend to always find the best deals on the planet, in fact most of them are from MLS. 

I won't pretend to be an expert but this information is not irrelevant, yeah?

so don't pretend to be one.

In our case, we don't pretend not to own the property, but we do tell them that we have to discuss with our partner (since usually only one of us is at the property this give us time to discuss the issues and make decisions that aren't hasty.)