Unfortunately on a development you need to do a lot of the work up front to reduce your costs. 

I agree and the feds actually already started reducing bond buying in November.

As long as you have a day job, and do R/E on the side, the if your income exceeds $100K, your allowable loss slowly reduces and by the time you hit $150K, the current year loss is zero.

He does own the property free and clear just FYI, but I wanted to put this out to the group to see if anyone has run into a situation like this before, and if anyone has any suggestions on a way to structure the deal in a way that could reduce the seller's taxable gains so we can put an agreement together.

@Ellen Bonner, @Bill Brandt is correct (capitals and all :)Your basis carries forward into the new property and your basis is reduced by depreciation taken. 

@Patrick Thomas Dickinson The stress test is simply running my same evaluation numbers using 10% less in rents (reduce assumed market rent by 10%).

Hello all,Reaching out to see if anybody has any hacks for getting credit card debt paid down/off, sooner/cheaper.The debt was planned/strategic to get me into my first houshack (and has worked).I have a plan to pay it off fairly expeditiously.The current plan is to use the debt avalanche method.I am thinking that some sort of personal loan could help reduce the interest rate on the debt and provided there are no prepayment penalties on it it will allow me to get the debt paid off quicker with less interest costs.Does anybody have any suggestions as to how one would go about getting the best rate and terms for a personal loan such as the one I mentioned above?

You have the option to either pay monthly PMI or buy-out the PMI which should reduce your interest rate.

These items can be depreciated over 5 or 7 years: Fixtures, furniture, controlled access gates, alarm systems, computerized systems, security systems, movable partitions, etc.This accelerated depreciation strategy allows the property investors to immediately reduce their tax liability and in turn, increase their bottom line by offsetting income.

To reduce your water costs, do a “water walk through” and ensure each and every faucet and toilet does NOT drip or run.