Hi @Calvin LinMy experience is in SE CT (Groton-New London area) and I exclusively use Charter Oak Credit Union for all our business banking.1) All of our commercial mortgages are 15/30 with 5/5 ARM, requiring 20-25% down.  

I remember reading an article you wrote which indicated under 7 days and no substantial services then it'll still be schedule C but not subject to SE tax.

The worry I would have with not raising it all, is not the $40 per se, but what the shortfall would look like if you went another few years without raising it.

I have to have whatever I can under contract by Mid-October 2009 in order to close by December 1st and get the credit.So I guess what I should be asking isn't if this is a good deal, per se, but would YOU have done this deal if you were first starting off in real estate?

I wish I could put up a picture on these forums in local markets to show you whats "hot or not" per se.

And last I checked, a rental house is NOT that tenants PRIMARY residence per se.

The website looks standard as many other RE whole sale websites and I personally do not se any issue with it.  

In that price range I would rather look at a strip center in a close to urban/suburban market in the SE or SW U.S. 

I'm not from the SE but have property in Texas.First of all, check with your insurance company.   

@Shane Forrest, you're primary residence falls under se 121.