It's truly fascinating how it all works and comes together so that you are reporting your federally "illegal" income and paying taxes on it.Make sure you get an accountant on your team who understands the intricacies of this.  

This inst rocket science, think like a contractor here.

The shocks of the last four or five years have led Houstonians to see themselves not as gods or recession-proof,'' said David Murray, a political science professor at the University of Houston who is probing the city's mood in opinion polls.

Because, it’s not rocket science.

I think that if you are fascinated by law, and love the thought processes and negotiations and strategies that are involved, then you should become a lawyer.

Is it more of an art (deal by deal) than a science (rule of thumb)?

I agree that maenaging costs is prudent and can help your bottom line, but rit will not make a huge difference in cost %, I would be amazed if it resulted in a long term difference greAter than 3-5%.Secondly, as others have also pointed out, this is not an exact science tool, it is a general rule that all should at least use at the stArt for quick evaluations of cash flow, nothing mire.To those that say that the 50% rule does not exist, I strongly urge you to reconsider, it does exist just as we exist.

Please go read the science on Autism and Vaccines.

I am fascinated by this discussion as I was also thinking about seeking advice in rolling over my 401k into a self directed IRA.

I have a fascination for looking at homes, monitoring prices, researching appraisals, tax information etc. and have enjoyed working with various individuals in the RE environment.