In order for appreciation to continue at that rate there have to be a corresponding increase in wages and wealth in that area that will enable people to be able to afford those prices.

Any suggestions on a transaction management software system that would enable us to go paperless.

Hi Sanjiv,I currently manage 4 investment multi families, and am under contract for my fifth investment hoping to close in 2 weeks.I recently moved and bought a SF where I live now but prior to that I was owner occupying one of my multi families and my tenant was paying 80% of my mortgage which really enabled my to bank a nice chunk of change.

With the recent crash, it was typical for many of the whiners (people now currently losing their homes cuz they weren't qualified to begin with), to do the following:1) Lie about income, enabled by NINA, Stated Income and Assets, which was not an invitation to LIE, but to avoid excessive paperwork and to save time, what a joke,2) Lie about occupancy, stating they were owner occupants when they had no intention of occupying the home,3) Bill already mentioned, a smoke-screen of actual debts,and the list goes on and on...just agreeing with Bill, when does it stop?

Here are a few below.Tax Deferral: Deferring the taxable income from the sale of their real estate property.Consistent Income: Operating Partnerships can issue dividends or distributions so that the investor has cash flow.Portfolio Diversification: Enables the investor to achieve diversification across geography, industry, tenant and asset class in an Operating Partnership structure.

Do I need to file the LLC in both our names to enable us to take full tax advantage?

Having the owner hold all or most would enable me to invest more money into the business initially.

No pressure;) But the point is it can be done, and I know IBD (and 'platforms' like TC2000) are good enablers.

I'm hoping that a FHA or 203K loan will enable me to acquire a great deal after I find one.I'm looking forward to connecting with you guys and would appreciate any tips about how to determine which neighborhood to choose when considering buying a small multi-family unit.

I did not do anything except do repairs that were needed including a new roof 1 year that whipped out profits for a while.I got the discounted value because they also had a "right to buy" program which enabled the local authorities to sell of properties that they once owned.