The problem is (assuming as Aaron did that you're all in on this one), you aren't going to get 5-6 more of these for a number of years because you're over-leveraged.If you want to stay in the game, trade up.

That term, for tax purposes, refers to someone who buys and sells property as a part of his or her trade or business.When doing lease option assignments you never take ownership of the property, so the term would not apply.That being said, income from lease option assignments is considered ordinary income and is taxed as such.

If you're looking for live-aboard, start looking now and do a trade, many are wanting off the water, but not familiar with your town

By trade I am in large residential real estate in property management and leasing.

I can afford to trade my time for money right now, but not money for time.

The filing exemption only applies if assets are less than a specified dollar amount ($250,000) and the plan provides deferred compensation solely for an individual or an individual and his or her spouse who wholly own a trade or business, whether incorporated or unincorporated.

Do you know how to trade E-Minis?

I traded futures for 10 years.

PS - I have been buying selling and trading real property since 1978 - and I am not "insulted" by someone making me a low offer, nor am I insulted by their rejection of my low offer.

Then is the question of whether it's traded or not (or when)...should be interesting.