I am a director of an international real estate portal.I'm looking forward to some healthy debatesBest regardsSimon

In your case, the IRS makes you pay estimated tax on your profit distributions, particularly if your S Corporation is fairly profitable and you're taking out healthy profit draws. f you can show the IRS that you've paid most or all of your previous year's taxes within that same tax year, you will stand a very good chance of avoiding estimated tax payments entirely.

But then (LUCKILY), after visiting and reading on this forum and other books, I got a good healthy dose of reality... add to this the fact that I live in a state that's extremely tenant-friendly/landlord-hostile...

I love to travel and spend time with friends & family and I see how a healthy portfolio of rental properties that is properly set up will allow me to do that.My life currently revolves around real estate and business as I'm working my way through a mile-high stack of books, constantly read blogs & newsletters, and frequently attend educational seminars & networking events.

At least in Georgia there is a healthy market for tax deeds on the courthouse steps (in essence the same thing as a foreclosed lien), and I imagine the same is true in Maryland, such that the risk of a third-party buying the property is also material.

All the high volatility makes the market hard to predict and hard to sustain healthy growth.I am hoping for more than 2% appreciation but as long as we stay positive and don't dip into the red I will consider it a win for Vegas.

Are you expecting healthy appreciation as well?

(new hot water heater, new flooring, new countertops, new sink, new faucet, new range hood, replace range with used from another unit of ours.)We keep healthy reserves to cover expenses such as maintenance, repairs, capital expenses and emergencies.

Yes, read as much as you can on BP (podcasts are awesome) and join REIA.I jumped in with my partner who had a few deals under their belt, and we did the following: lost a deal, found a mentor, successfully putting in offers, and growing a healthy buyers list.

.-- I believe the rent demand is healthy, however, my guess is the current owner has kept the property occupied by keeping rent well below market.