Additionally, it does not apply to rotable, temporary, and standby emergency spare parts"Essentially, an appliance or other equipment installed in a building is considered Rotable and Temporary when installed in a UOP (defined as a building, in this case).  

@Caleb Anderson Knowledge decreases risk.

Can you explain why increasing debt/mortgage (Cash-out) that will ultimately decrease your cash flow in that unit is better than just letting that equity sit to obtaining a higher cash flow from rent?  

With four members it dramatically decreases the costs associated filing with your state and paying a lawyer to set up an operating agreement.

Hey fellow pocketers, so I’ve been pretty interested in buying my second investment property in my first year of investing, my first one has been quite successfully so far so I’m really feeling the pressure on propert...

I'm going to start a thread . . . we'll also put together some kind of depository of documents ASAP.Check out the current (temporary) file sharing thread at:http://forums.biggerpockets.com/viewtopic.php?

For example... if I were to increase the rent 1000 per year and decrease expenses 1000 per year... how many months or years would I be required to maintain this before being able to sell a property for an additional 20K in a 10% cap market?

Obama just showed his inexperience in International politics, and now if he gets elected, there is a very good chance Iran, or someone else, will actually think they can get away with attacking Israel and the USA will do nothing.The president's main job is International politics, and Obama took his eyes off of that and looked at temporary political advantage domestically instead.Since I think we are going to have a Democratic president next, and I suspect that it is going to be Obama.

As your portfolio grows, your risk will diminish because the chance of an anomaly (like a 100% vacancy rate) affecting you greatly decreases.

I envision these to be small groups that would meet outside of REIA for the purpose of holding each other accountable for goals; offering specific suggestions to improve the members business, etc.As Rehab observed, the membership in Ohio is also decreasing.