There has been a movement to "ban the box" (prohibiting the ask of criminal history) on employment applications for some time, particularly where folks were being passed over for jobs on the basis of an arrest alone even though the underlying charges were dropped.

These folks are not really investors - they are motivated by paying less than it would cost for their child to reside in residence - and tend to overpay for the properties they acquire.To perpetuate the cycle, after their prodigy has finished university, these same parents expect to resell the house - to which they have affected no upgrades and little maintenance - for 5-10% more than the price they paid.  

That would sort of create BK in perpetuity.

Needing desperately to be needed, it will not hesitate to perpetuate the cycle of its gravity in the economy, real estate or otherwise.

get rid of your problems, don't perpetuate them.. non renewal= youre out

Originally posted by @Scott Mac:Jay HinrichsHi Jay,You know, this topic just might make a good selling eBook here on BP.Seems like it would benefit a lot of people.Just my thoughts.Scott...Yup I wrote an E book bout 6 years ago for Aussie investors who were getting hammered by US and Aussie sellers of rental props.. they did not know what they did not know.. and just figured Cheapo real estate would pay like expensive real estate.. lots of foreigner were sucked into buy useless junk.. and perpetuated the urban blight.

Repayment of principal is merely a balance sheet movement that never hits the P&L.Your accountant should look to what was done with the proceeds over time to determine accounting treatment as well as interest tax treatment. 

It's not a perpetual lease right, please say no.

Also keep in mind the house movement. 

Whether or not the movement of money is taxable is dependent on how the movement of money is classified.