That will prevent them from qualifying for other rentals, a personal loan, or a home loan.I have sent nearly 60 tenants to collections.

they get their roots in MLM  just like Amway selling the dream. 

.: Quote from @Marcus Auerbach: My point was: the law was intended to prevent this practice.

I am assuming the answer is "yes" to get credit card points and prevent a contractor from charging a premium on materials. 

I work for a builder, a lot SF investors laying roots here.

•This prevents you from depreciating two roofs simultaneously.

So your 50k doesn't stretch as far as you think once you start adding everything up.Thank you for this information, it gave me a lot more clarity.I was thinking for my first deal, I could find a property for $125,000 including down payment and use an FHA loan so I only put 3.5% down, I’ll be using less of my $50K capital which will help prevent my $50K from getting drained after down payment, closing costs, etc, let’s say $12,000 total, I’ll have $38,000 left in capital. 

My pleasure.To answer this question you first need to understand what a motivated seller is because this is the root of all the inconsistent advice flying around.

I would recommend investigating the root of the problem first.

This law basically prevents wholesaling when the wholeseller owns title.