Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.

20 townhomes sounds like it would be sales, but I don't like to assume. 

When you allow users to delete their own posts, you disrupt the flow of conversations.This is an OPEN forum, not just a closed network like Facebook.  

Then it likely takes hiring a GC to manage the project.  

You can read all the books, attend all the seminars and gain great insight from others, however nothing teaches like real life experience.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Can you imagine what that review would sound like?

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

A number of things seem like memory loss.