According to the Tax Court Memo, the following factors are used to determine whether an asset is a capital investment or if it is an item purchased with the sole intent to resell: The taxpayer’s purpose in acquiring the propertyThe purpose for which the property was subsequently heldThe taxpayer’s everyday business and the relationship of the income from the property to the total incomeThe frequency, continuity, and substantiality of sales of propertyThe extent of developing and improving the property to increase the sales revenueThe extent to which the taxpayer used advertising, promotion or other activities to increase salesThe use of a business office for the sale of propertyThe character and degree of supervision or control the taxpayer exercised over any representative selling the propertyThe time and effort the taxpayer habitually devoted to the salesFor the full text of TC Memo 2010-261, click the link.

I feel that the GFC (and subsequent decline of property values) provides a once in a lifetime opportunity to acquire good quality assets.I'm not looking for a quick profit (although if the opportunity presents itself, i wouldn't turn it down :p).

Proactively jetting the lines were much cheaper than having an emergency service call and the subsequent damage that could be caused by flooding toilets. 

The problem is, with all this noise (literally thousands of aggregation and syndication sites), they are quickly becoming overwhelmed and subsequently hiring an agent to help them navigate the options.  

Most importantly, I want to leave a legacy to my children and subsequent generations.

Chicago (Cook County) prices are just 2% above their 'fair valuation' in 2009 (not vs. their subsequent bottom, but 'fair valuation').Incomes in Chicago have grown healthily, and the city is heavily undervalued right now vs historical price/income ratios (-27% undervalued).

The panic turned into a global liquidity crisis and reached an apex with the bankruptcy of Lehman Bros. on Sept. 15, 2008, and the subsequent insolvency of insurance giant AIG.Wall Street was facing a sequential collapse of other banks, beginning with Morgan Stanley when the Fed and Congress stepped in with trillions of dollars of guarantees, swaps and bailout money.Both of these panics — 1998 and 2008 — began over a year before they reached the level of an acute global liquidity crisis.Turkey, Argentina and Indonesia, all major emerging-market economies, are in complete meltdown.

In comparison, if you try to evict, not only will you no longer be receiving the current income of the rent and repayment they are paying, you will be on the hook for the cost of the eviction, the subsequent vacancy, AND you run the risk of angering them enough that they destroy your property, to the tune of thousands of dollars or more.

They showed me the bank account with their "buy furniture and redo the property" budget to check that box.They subsequently spent that six months of payments on furniture and renovations.Then they took all that profit, and spent it as soon as it came in.

In addition to the high prices, there also exists a stamp duty and additional stamp duty for subsequent houses making real estate investment in Singapore quite difficult for a beginner like me with pretty much no capital hence I am looking at markets overseas.