The forms that get filed are different (especially when you start and only own a few), and it's important that your taxes are done correctly.I'd suggest skimming (it's a semi-dull read): http://www.irs.gov/publications/p527/

Banks look back 2 years in most cases so its also important to proactively plan your financials quarterly or atleast semi annually if you can do so.

My first and biggest complaint was the trainer, he was a terrible speaker.My girlfriend is a professional speaker/educator for a medical device company and I am a semi-professional magician/comedian, so I know a thing or two about public speaking.He was late both starting and finishing every day; he was also late for every single break and lunch.And although our trainer was passionate about the material, he was not supportive and had absolutely no apathy for his audience.The concepts they were teaching, often times go against deeply ingrained ideas some of us have held for 25+ years or more and would stir up deep emotions.Whenever a question was asked for more information, he would yell “you don’t need to know the details!”.

Typically HELOC's on primary residences have the below characteristics: - .50 to 2.50% fixed margin + Prime rate which is 3.25% currently for primary residence (more for business or investment properties) - Max rate 18% - depends on your laws in your state but in CA its typically max 18% - variable/adjustable month to month so its not like ARM's which adjust semi annually or annually these adjust month to month or whenever Prime adjusts.

They serve two separate purposes but can be done hand in hand (listen to Aaron Mazrillo's podcast #37).If you can produce revenue then buy and hold seems like a great way to invest and retire or semi retire.

One of the building is vacant, and another is semi-vacant, that's why I got interested, need to look further into it.

Then look to CDs/Time Deposits at 30 days and stager maturities so that funds come due every month, then quarterly, the semi-annually then annually as your position improves and use other savings accounts/investments.

They are semi-permanent housing and have a fairly short shelf life.

After spending months and months negotiating water liens, and multiple loans etc. and the units needing total gut rehab making an 8k return is too small.I can just as easily work on semi-performing apartment buildings or fully performing and put the same time in and make a much greater return for my time.So for 2,400,000 25% down is 600,000 before legal and closing costs and due diligence.

There a many buyers in the market who are looking for a semi custom home.