Here your trump cards are your HUD statements and purchase agreements.

Well, earlier this year a version of "Protecting Tenants at Foreclosure Act" was passed and signed into law by President Trump.

@Jonathan M.a condo has HOA fees for life of ownership. if you can find a SFR for that price, it will make a better investment.Some of the posters here do real estate 24/7 so they can find hidden deals and some of them made their buys at the right time during recessions.If the Austin investment is  in a good neighborhood and you have a performing Prop Mgt team, go for that one. cash flow trumps appreciation at any time unless that asset is sold or refinanced. otherwise its just paper money..

The lower Trump tax rates, expanded brackets and the bonus 20% pass thru deduction have me thinking this is probably the best time to make the conversion.My problem / concerns are as follows:  - I have just over $250k in my IRA (dividend paying stock) so the taxes owed would be HUGE.- I have approx $1.2M net worth in RE and plan on keeping most of it as I retire so I do not foresee NEEDING the IRA balance to live.- I am 52yrs old so I have some time to recapture but not that much (comparatively).- The market is at an all time high so paying taxes now may mean if there is a correction, however slight, I am overpaying the tax- I could pay the tax from current reserves but that would leave me almost naked on that front. 

@Donald Cox Welcome to BP!

I see this is an old post, but I also attended the $1000 3 day course that was promoted at the Tony Robbins event.Aside from all of the stuff you guys went through, we were falsely instructed that Florida, where I reside, is a Super Lien state, where HOA Foreclosures trump First Mortgages as well all inferior liens to the first.Later when trying to get more information on this, we are told that we needed to be taught by Doug himself, again at the $39k rate, to learn these tips.Real Estate Attorneys that I have spoken to down here have all said this was false, and that only a Tax Foreclosure would trump a first mortgage.

Trump did real estate investors a very bigly favor by changing deductions.

--Cash flow trumps W2 income every time--Tenants can be the best people ever, pay on time, every time and stay clean--You need to have a strong lease agreement, do not allow guests to start staying unless there is a specific agreement.

@Donald Todd You should check out the Auburn/Opelika area.

Not 150days available between ballon date and close  The law trumps your contract.