Seems like it would be an AA meeting for people pretending to get things done.

Some people just kind of pretend the higher mortgage payment is in the past, and just do their math on the future property and not on the net cashflow situation. 

It's close enough to you that you can pretend it is in-state.

Which, for all intents and purposes, are ALL his projects that anyone knows or gives a damn about.Lets stop pretending that you or I could rebuild and remap NYC, in such an impactful and unapologetic way, even if our dad loaned us a mere $58M.Please read the book, and I wonder if you will still attribute his early success due to luck or money.

On the flip side areas with little to no chance of appreciation (think Baltimore, Detroit, Ohio)  sell for higher cap rates...You are about a decade behind reality to pretend that Appreciation is low in Detroit area.

Hi Steve,Again I'm new to this, not trying to pretend otherwise, so not sure your superior attitude is all that helpful.Anyway, the income tax advantage I was referring to (again, not sure that this is the case, I'm still going to consult a CPA) is related to social security tax savings spelled out on the Dealmakerlibrary website that I can't link to but google can find for you called Which Entity is Best for Flipping Properties?

Since this is a small property, there obviously won't be an office you can go visit, and you're probably going to have to pretend to be a potential renter.  

The difference perhaps is that I am a businessman and I realize the costs of being compliant and legal are worth the cost when measured against the potential risks as opposed to pretending the risk does not exist.

I won't even pretend to know other markets outside of Killeen but I know this market incredibly well.  

I don't have experience with that situation, but I have heard of the craigslist scam of people pretending to be "property managers" and leasing out properties that they do not actually have ownership or rights to.