Not sure about your comment re reversion cap rate. can you please elaborate?

I have never been involved with such an elaborate scam unfortunately I pulled the short straw on the investor gamble. 

Could you please elaborate on your warning that "you better be 100 percent sure you know what you are doing"?

Your CPA/EA will be able to elaborate.

Perhaps @Lance Lvovsky can elaborate a bit on the interest tracing rules as it sounds like something that may potentially be applicable.

Thanks Costin for the pointer to the book (and the flow chart).To answer you Q's: I manage my properties myself.A couple of follow-on Q's: a) Can you elaborate on "you guys in CA are different kind of special"?

that's what I was thinking but could not eloquently elaborate.. when you live in CA  buying in a state with no income tax does not give you any benefit vis a vi not paying tax.. and in fact a state like Texas were the property tax's are uber high..

Hi Max, Could you elaborate, if you have any insight on what locations within Germantown are best I would love to hear more.

Could you please elaborate on why they may have left?

Wondering if you could elaborate in this point, thank you!