I know what I make of it, as I've met quite a few janitors I would call better, finer, more upright men and women who do more good in the world than quite a few people with quite a lot more "financial freedom."

Our purchase numbers are based on the current rents, so there isn't a huge push to jack the rent up right away which is also what the tenants are worried about.  

Mine were not at least in the quick flips the opposite ordinary income.. if you hold the tract more than a year cap gain.. if you buy the tract in your Roth  ( which was not invented yet)  but you younger investors its there for you.all gains on investments in a roth are tax free.. but consult your accountant for accuracy.bottom line with Timber it grows lumber Is fairly consittent and has been for the last 30 years in value all though up right now.. and you make money because tree's grow.. you get more of it over time.. and in the right growing areas you get a lot more of it quicker.. you can't say buy the same tract of timber in  Eastern slope areas they grow much slower so returns are not as big over time.. this is why I prefaced it with PAc north west timber.. specifically the coast range from Eureka to Vancouver BC

After a year of looking at hundreds of properties, i have not found anything that can beat the cashflow on the one i am trying to buy, so I definitely want to find a way to lock it up. Right

So that means another full time job; looking after & take care of 2 young children.One thing I have never quit doing for the past 20 years is training Martial Arts( I quit for 15 years when I first started my business).

But I do try and fix the place up right away so they see some value out of it.

My debt to income ratio is around 0.08.I dont have MLS in front of me but we ran a calculator in MLS for loan qualification and I believe I ended approved for up right around $35k.

Going to a CPA to get set up right was another great move.

You'll be hard-pressed to run across any deals around here that are "too good to pass up" right now, unfortunately.

The value-add of an extra bed and bath is a good strategy.One suggestion I'd make is to put a "For Sale" sign up right away and add a "Coming Soon" rider to the top.