Subsequently, increase saving rate to at least 50% by reducing unnecessary spending.4.

If you're loss is higher than the allowable deduction, then you can use it in subsequent year.For example, the property loses $50K.

Last one bought property for a garage but the garage tanked and subsequently they did as well.

And not much less in subsequent years.

I, too, was already doing that in other markets, with trusted agents.Jekyll’s reviews in public review sites were positive (this later changed on one website, but only subsequent to my experience - and not by me.)

Set realistic goals and try to be disciplined and hit them, this way you will have a much better chance at knowing whether buying a 45k car makes sense or not.In 5-10 years I see myself as an owner of a (hopefully) successful business, my income goal at that time realistically is in the 300-500k range, at age 35 or so I'll probably be looking to start my family, and in terms of real estate I'll be looking to buy the building I practice in as well as any subsequent buildings during expansion of the business. 

Subsequently they defaulted after two payments and lied consistently through the process.  

However I was called this week and told they want to put a hold on any subsequent loans and utilization of our line-of-credit till we file 2014 taxes.

In fact, with 25+ years of flipping and investing, I have never had a claim other than a roof due to hail damage years ago.In early August I had a tenant who left a pan of oil on the stove and the subsequent fire destroyed the property. 

And more than likely it will come back even stronger in subsequent years and will more than make up for it.