That's the mark of the bottom.Everything is easy in real estate, there's no magic, it's not like we find cancer drug in biotech industry.For the rest, I am okay in general.

So the developers have performed some interesting magic- they’ve sold condos to people who cannot hope to profit on the cash flow.

Like a trust.LLCs do not open some magical door to more tax deductions.I tend to recommend LLCs where the properties are located, but then those LLCs are owned by a Wyoming multi-member LLC.But if you think that you can skip fixing that loose railing and hide behind an LLC when the tenant is injured, you'll regret it.

Let's make some real estate magic happen!

Here's a list of ingredients that I've been trying to cook up to figure out what this magical "secret sauce" is:1.

They already are given their utility allowance on a debit card instead of via direct payments to the utility companies, and lo and behold, none of them magically ever have enough money to pay their utilities, but they have plenty to host parties drink smoke get llegal pets that trash the place far beyond what the security deposit covers...so I can't imagine how much money is getting pissed away in Florida.

There is no magic way to build a ton of equity in a short time. 

Unfortunately there is no magic template that works everywhere and we often let the market drive choices as that is what will put $$ back in our pocket.

Well, I’ve done my homework, and I’m convinced that real estate is where the magic happens.

There is some behind the scene magic (decision matrix for conditional approval) that I won't share publicly, but the standards are still useful for defining your own!