Know how to turn off your water, gas and electric service; and keep the necessary tools in your vehicle.Know how to do basic roofing: shingles, 2 part roll roofing, flashing and tar.Know how to replace an electric breaker, light switch and outlet.Have a RUP license (Restricted Use Pesticide).Know how to do basic welding (Stick, MIG or gas; no need for TIG).Have a box type animal trap, and know what to do with a trapped feral or wild animal that is a problem.Know how to do common repairs to major appliances (broken air circulating fan in a fridge, thermal fuses in a dryer, agitator dogs and transmission coupling in a washer, blower motors & capacitors in central heat/air, gas thermocouples in water heaters and space heaters, know how to clean a pilot light orifice, etc).Know how to do concrete and asphalt work.Know how to do small engine repair (mowers, chainsaws, weedeaters).Know how to detect and remedy gas and water leaks.

We are allowed to leave it open, screen it with insect screen to form something like a screened-in room, or install breakaway walls that will blow or wash away with only 20 pounds of pressure but otherwise provide a weak, visually appealing enclosure. 

The second is in section 24, Miscellaneous (J) - waiving of right to jury trial for landlord and tenant. 

HelloI am looking into Investing in Section 8 homes in New York.

These previous owners are nasty.As we remove the dropped ceilings we also discover rat poison and traps that indicate that the owners knew about this.

Account Closed  Consolidation can be a trap, by lowering your monthly payment but extending your term thereby increasing the total dollars spent to pay off your debt.

We'd see articles lamenting the poor students who are "trapped in a major they don't like anymore" because the evil banks won't let them switch without losing their loans.

The San Angelo Real Estate Market is peculiar and I'm not sure if they offered the 85% LTV as a result in a recent yet likely temporary dip in property values, property value growth potential, or, to trap me in a loan so that I can't refinance into something cheaper haha, at least in the short term.

Also, don't fall into the trap of overpaying for your next deal just to take advantage of the 1031. 

No, it is not for everybody.I would strongly suggest that unless you legitimately have an interest or skill that you intend to pursue as self-employment, with all of the potential trappings of licensing, tax filings, etc. that go along with that, then you should stick with the IRA LLC.