All RE is local, just saying, that's what local is here.Another thing, there are people in my area, Realtors, attorneys, the DA and other investors that will go out of their way to lower the hammer on wheeler dealer types that screw over some home owner, at the very least their name will be mud and run out of town here.

One of the renters tells me the other renter is letting a drug dealer live in the home who is modifying the wiring and wants me to kick the drug dealer out.

That fueled a neighborhood rally that led to the drug dealer's, who committed the crime, arrest and conviction.

,Just like Car dealers, some Banks will make deals, and some won't.Try and find a small local Bank.

I did note that you seemed to purchase a portfolio of cheaper homes from an out of state dealer in NY, and that renovations or rehab were needed initially, if I'm reading you correctly?

And no fault to the landlord, but the area this unit was in had homeless people, drug dealers and gang members in the immediate vicinity which in literal fear for our safety after someone was shot in the face down the road, we moved out.

What you are referring to is a term which many of the broker dealers (who focus on traditional securities) use to articulate that an individual can control his/her IRA (compared to their 401k I imagine).

What I did learn that during the purchasing of my car when the dealer was "looking" for a company to give me credit he checked six companies!

I have sold to the nations biggest dealers, 10 motorcycles at a time.

15733-IRS-Dealer-StatusIn that last link, read John Hyre's post.EDIT: Wow, BP's server hides the website of that second link, so you might have to search; or you can "quote" the post and it might show the website address.