The Joint Venture shall not have the right to the income or proceeds derived from such other business interests and, even if they are competitive with the Partnership business, such business interests shall not be deemed wrongful or improper.

One item I see missing in all these opinions about if or when the RE market will decline is the following: out of control bank leveraging, hidden derivatives, and absurd amounts of money printing will eventually take its toll on the dollar and the economy.

Basically these are derivatives of MBS's (Mortgage Backed Securities) and CDO's, which themselves are derivatives of the mortgages that underlay them. 

They are based on derivatives rather than sales that meet the appraisal standard.Start by getting the appraisal. 

The Section 179 deduction is limited to the taxpayer's aggregate taxable income derived from the active conduct of any trade or business.

Better to save the money into into high-dividend option derivative ETF like SVOL that would give 15% annualized cash-flow.If RE projected appreciation is greater than 4% and negative cash flow for $100, I may be still okay,  but negative $1K is too much especially if it is condo, and condo HOA has its own lousy risk as well. 

Our methodologies, derived from commercial real estate, are easy to understand and reduces their concerns.We do not send clients a stream of MLS data sheets and expect them to evaluate and choose properties.

The debt service is derived after all expense have been consider to include a realistic operating cost and not the standard 25% & PITI.

So, is assuming the average appreciation rate derived from the last 40 years of history speculation?

The mortgage payment was derived simply by taking a 80% LTV at 4% over 30 years.