@Jessica Zolotorofe,My interest is purely in discussion and continued education so it is not "attacking in any manner".

That way, you represent one potential vote, and you will carry weight.However, it is still ridiculous to think that a man who became incredibly wealthy with real estate investments and understands what a critical role they play in the U.S. economy, and who used Section 1031 in every single one of his deals, will now make a concerted effort to do away with Section 1031.This "article" is still a blatant attack on Republican values and based on something they haven't even done.  

However, because we are all so "wholesome" and "family-oriented", these clubs are continuously under attack for doing just what they are meant to do.

the Opposite of Jim Wise who is computer savvy and is in the retail sales business I bet BP is huge for how he attacks it.Now I am in the funding business ,, IE I fund fix and flippers and Turn key companies nationwide and have been for about 20 years.. this last run of 4 to 5 years has been very good.. but still a few loss's here and there..

That would be my biggest worry - what if someone had a heart attack and needed a very expensive surgery that would normally be covered with regular insurance.

You just need to make sure you figure out what model works best for you and the market you are in and attack that.

Get that paid off and you have much more firepower to attack the next one, including student loans.

Hey BP community!!!!  I'm from Southern California and I just bought a duplex in Racine, WI without seeing it in person. I chose Racine because:1.) Its much more affordable than So Cal  2.) I have an Army buddy that l...

And I probably second @Kenneth Reimer's advice about raising them a little more slowly than coming in and lopping everyone's head off with The Mighty Slumlord's Broadsword of Poverty (+50% to tenant rent, -50 karma per attack, +5% city homeless population).As far as the trailing 12, full rent roll, and expenses from previous owner... plan on it but don't count on it. 2-4 unit multifamily is often a mom-and-pop operation and the lease agreement could be something as simple as a hand shake.

There are a few things you will have to get familiar with before you attack these deals.