Although it's real early in the morning and I haven't had my coffee, it looks like with that debt load you're going to be treading water.

he thinks we will be overextended, and be treading on thin ice with our relationships...but i know u have to put in the offers to finally get one accepted...should i keep marching by myself, or what?

Once you learn to tread that careful line of investor/agent legally, and learn to deal with disclosure, it does give you advantages you wouldnt have otherwise.

If I could find the $150K, I'd buy it and keep it for cash flow, but I haven't had much luck and I don't want to get hard money since its my first deal and I'm not ready to tread those waters.Questions–1.

I am just treading water now with that Multiplex.

RE losses are there to make you hold ground and tread water tax wise and limit your income tax liability *from the RE business*, so you eventually pay capital gains (long term) at sale or even better, 1031 into something else without paying any capital gains then.

I posted about this deal in another tread and I did admit there was some "Cheating" (in terms of doing the deal in a way most people can't) -- I just paid in cash using my own money.   

You would have to petition for a change or play further outside the rules and regulations than I care to tread.

I realize we are treading some potentially legal issues here, but curious to learn from you experience.

That gets really expensive and when you multiply it by 5x most people find they try to tread water by going back to a day job and eventually can't sustain.