The IRS is concerned with the tax return that is reporting the activity of the property. 

What was killing me was that I thought I was being told that preparing for vacancy/management/maintenance/repairs/etc. was so much less important than appreciation, that I shouldn't concern myself with cashflow at all and just pay whatever price with total disregard for carrying a mortgage for 30 years and concern myself with only the mortgage PITI.

These laws have been tested in court and upheld because they do not discriminate against protected classes.Familial status in Fair Housing pertains to the presence of children (pregnant women, people with children, adoptive or foster parents).

s post and Dave Foster's response cover the options concerning 1031 exchanges.

I would recommend that they invest in an inexpensive 'white noise' machine to help muffle the sound but that no property is completely sound proof and the upstairs tenants are well-aware of their concerns and are respectful.Always 'entertaining,' huh?

Buy the property, lease it up and refinance.One thing you’ll want to know about the credit facility is not necessarily the margin call parameters, which I wouldn’t be concerned with if there is a significant amount of equity in your investors securities securities portfolio, but what are the other terms?

I keep going back and forth concerning this property. 

If you have any concerns, you may also discuss alternative payment options with your tenant.

Your sphere is concerned with buying beer and cigarettes, not houses.

Always have 100% control of your money and 100% control of decisions pertaining to controlling the actual investment.