They are hard on the rentals, not to mention waiting for +40 years for an investment payout on a nickel and dime bet on housing in a very poor area is not a good investment strategy.

For Tax purposes your best bet is to start an LLC and DO NOT elect any other status.

I got tickets to the conference because I'm betting that we will get out more than the $1500 we will spend on it!

I wouldn't bet on "busting the comps" or getting it to appraise...

Sorry, I don't believe you -- I'd bet that you're either making up numbers or don't understand how your business is taxed.

However, even if they were taken by an OO buyer I still made offers on them anyway betting that some of them wouldn't close and FNMA would come back to me as a back up offer.

But this is probably your best bet for creating a workable list.

Karen will come back, they do developments and I'll bet the paid thier dues over time to get where they are....to this point.I'd say work with one, not many write books on the subject that take in all kinds of developments in various parts of the country.Spend 10 years at it and you could be pulling down some great money for another 20 years, may be longer!

I bet he won't take the money.

I bet any of us here in BP can run circles around these guys with the knowledge we possess.