(g) This instrument contains the entire agreement of the Partners with respect to the subject matterhereof, and the terms and conditions thereof may not be further modified except by a writing signedby all the Partners.

Originally posted by Chris Music: @Steven Hamilton II great breakdown, what do you mean by the 50% rule?

This is not available to them in a straight rental situation.Just keep in mind that these instruments fail frequently because of the inability of the end buyer to perform.  

Besides they may also be headache tenants that call you for everything, who blast music or have a lot of foot traffic.Do a forum search for the "50% rule" to find out the criteria you should be using to evaluate a potential deal.

If the loan is secured by a security instrument, the power of sale clauses would be in conflict with the deeds.

That's why musical instruments are made out of wood.

josh, to my knowledge, code enforcement won't be able to do anything about rap music being played, or thugs hanging outside, bc the truth is that if these were handsome guys dressed in polo shrits and khakis it wouldn't bother people--sorry if that's not PC enough for some people. you can't discriminate agaisnt these people bc they dress like criminals, (although i'm so perplexed how they manage to keep their pants from not falling to the ground lol) so yes, code enforcement may be able to do something about the cars, but that really only solves a part of the problem..they can still hang outside on their property.

Investment income is defined as income from interest, dividends, annuities, royalties and rents, and net gain from disposition of property, other than such income derived in the ordinary course of a trade or business (however, income from passive activities and from a trade or business of trading in financial instruments or commodities is included in the definition of net investment income).This provision applies to tax years beginning after Dec. 31, 2012."

I have been speaking with four of my close musician friends (who have equal or greater success in music and also hold similar day jobs) about starting a friendly purchasing group.

However, I do credit my degree in English heavily for my success in real estate as my dad credits his Music degree.