My tenants have my cell phone number.

That can make it very hard to differentiate between a guy running a legitimate business with legitimate backend, and a guy whose sole concern is his gas and cell phone.This can go the other way too, though.

And paycheck to paycheck $100/month is a real expense (although they probably pay more for their cell phone bill!).

A fat flip deal would have enough to cover UBIT and still blow up the IRA.Here is one of the quickest and bets ways to blow up a SDIRA: Lock up contracts with EMD's (earnest money depoists from your IRA (or options) and then assign the contracts or sell the options.

The thing to remember about the big boy "fat cat" investors, is that they really aren't real estate investors, a least not single family residential homes.

The only reason I have any debt at all is because I charge nearly all my expenses (gas, food, cell phone bill) to build up my credit.

We all know that you're one of those RICH fat cat landlords that is exploiting the lower class.

You'll have butterflies at first, but if you chose correctly, you'll be wondering what the big fat hairy deal was about a year from now. :-)

I HATE paying $200 each month for my cell phones - I think that is RIDICULOUS!

Flexjets has an entry level program of 425K for 50 hours of use per year, with a 2 year commitment.Kinda like a cell phone plan....