ALL hype, telling us interviews for Mastery would begin and there was only a few slots open so everyone would not get in.

There is also a key slot and I have lockboxes in obscure places -- just in case.

Pg 85/154 from IRS Audit Guide: "Reg. § 1.469-2T(c)(2)(i)(A)(2): Gain on disposition generally is passive income if the activity was a passive activity in the year of disposition"Pg 84/154 from IRS Audit Guide: "Gain on Form 4797 and Schedule D should first offset losses from the same activity.

those are very favorable terms however I am going to go out on a limb and say that PG is what is carrying the transaction.

The trick is to only gamble when you're the house ... and not the poor sucker on the slot machine. 

well that's what I meant.. add on lender penalty and non performing asset I suspect 100% wipe out plus having to come up with money to pay the lender.. tough spot.I know some friends of mine that had insurance company loans on Commercial during the crisis that had these terms.. and they walked from the projects.. no PG  but lost all their equity they did a 1031 and put 5 million in cash into this one shopping center that was costing him 40k a month negative because it did not fill up as it was suppose to.. and it was BRAND NEW in DENVER  OUCH..  

So here comes the out of state trying to hire a contractor.. how do they do it how do they compete whoever has time slots right now in the trades and is not busy in todays market..???? 

pg 3................just b/c

I thought it could be a good idea to pay off one of my early small loans (or 1031 exchange etc) to free up a loan slot and find a fat expensive property to take its place.

He asked about seeing it at 10:00am, but I told him I already had a number of people coming, and it's better after 1:00PM as I didn't make any appointments for the time slot.