She was young and once she arrived I found out extremly attractive as well but I had no intentions of dating or marriage at all and I simply wanted to give her an oppertunity at a better life and thought I had the life skills to do so.Well little did I know she was here on a more serious level and wanted to exclude me ( most likely) from her plans and move on with life and find a suitable marriage partner and life probably in England or France.

But I'll refinance in five years and for a better rate and meanwhile I still will have all the other economic factors working for me, and I'll own another solid income producing asset, which is making money for me 24/7/365.Buying a rental property is like a marriage, it's for the long haul.

She's the detail oriented one of the marriage.

Perhaps someone can spark an idea I have not considered yet.Last year midway through I lost my marriage.

From the link Duncan posted: "If you are a minister performing ministerial services, all of your earnings, including wages, offerings, and fees you receive for performing marriages, baptisms, funerals, etc., are subject to income tax, regardless of whether you earn the amount as an employee or self-employed person."

Find out for sure if that is the case.Sometimes zoning has special provisions for "mother-in-law" suites that restricts their rental to the general public and limits the use to somebody of blood or marriage relationship.

Marriage is definitely a team sport, but each player has to realize they do not have to play in an identical way to be a good team.Having a good deal happen can help.

I really appreciate that Josh has not "gone there" and remains at the alter waiting for that marriage. :)

I'd suggest not getting into the popular thinking or promotion of doing a 1031 until you get with a good tax advisor, one who has no interest in you doing one, and ensure that your marriage to the property type will last. 1031s have a valid place in your planning when it is truly beneficial, it's just that it isn't always.

Your lawyer will ensure you have an encompassing shareholders agreement that deals with all possible avenues of exit for one, or more, of the shareowners - life happens, partnerships dissolve, marriages break down, people want to do other things.