Up until that time, you are giving away money, subjecting yourself to unnecessary fines or lawsuits, stress, and complete chaos.I am willing to bet if MikeOH or any other long term investor is completely honest, they have had many "lessons" that either cost real money, or they have had very close calls and just got lucky.

I refuse to pay out the *** for that ****.Standard Deductions need to increase, as do personal exemptions.If that gets done, I'll be much happier.And to keep the deficit down, cut out all the unnecessary programs.

I think we are doing well in this arena but I am always looking for new ways to cut down on unnecessary tasks and figure out the most efficient way to get things done.ActionI’m not going to get into this much but I thought it was important to mention.

StanleyAny system that uses combustion as a means to heat anything poses an un-necessary risk...regardless of circumstance or cause any failure, diminished performance, or catastrophic failure with heating equipment ( stove, oven, furnace, water heater ) can have devastating consequences As a former public safety official I would never have any devices that use combustion as a means of heating anything especially as a landlord Best wishes for your continued successBob

Cabinets and closets should be clear of unnecessary items, as not to detract from the overall space.

But, the rest of us would do better to focus heavily on fixing huge problems, like cutting our housing and transportation budgets in half.Of course, cutting out spending in general on unnecessary things like lattes does help a little bit. 

An S-Corp in this situation causes unnecessary additional taxes to be paid due to the requirement that the S-Corp officer/owner MUST take a "reasonable" salary and additional SS/MC must be paid by the Corp that is then "lost".3.  

Felt like a really unnecessary comment, honestly.

I would just make sure you aren't spending unnecessary energy/time on items that will be replaced anyway.

Given your situation, my advice would be to focus on your career and increasing your salary. it can be at your current place of employment or going to another one. your wife should focus on hers as well. simultaneously, cut out any unnecessary expenditures. obviously you would want to kick out your aunt, but that is between you and your wife. if you cannot kick her out, she should be told that she must collect disability to contribute to the household.investing in real estate should not be on your radar right now until you get your own financial house in order. once you do that, consider saving up and purchasing a duplex/triplex using an FHA 3.5% down loan. live in it and rent out the other units. that's where I would begin if I was you.