By the evening of March 4, 32 of the 48 states, as well as the District of Columbia had closed their banks.[38] The New York Federal Reserve Bank was unable to open on the 5th, as huge sums had been withdrawn by panicky customers in previous days.[39] Beginning with his inauguration address, Roosevelt began blaming the economic crisis on bankers and financiers, the quest for profit, and the self-interest basis of capitalism ** This is only what has happen before, the comparisons are eerie to say the least.

I would appreciate confirmations that this is how it should go for 2008 tax purposes.If I have no luck finding tenants in late 2009 (hope that isn't the case), I wonder if I could rent the home to relatives at a fair market rent (same as I would charge any tenants) and still do my taxes as I would with any tenants?

A closer look allows you:1) To confirm if the house is vacant2) You will start to see some houses with REO letters (bank owned), I avoid, lock boxes (means someone has an interest in the property already) avoid, Tenant eviction notice (has landlords contact info and they will be motivated), foreclosure notices etc.3) You will get a chance to network since you are out of the car- you will meet neighbors, where you can get the story on the house, contractors (mowers, handymen etc. which can give you info on the house as well as several others)4) You get to understand the condition of the property by seeing it up close.Driving your farm are in my opinion is highly recommended at least once a month (a lot happens in a neighborhood in a month), but is still one out of the 10 or more you should regularly doing to find these properties.Personally I feel there is a moral obligation if I am going to put a property under contract that I have the intention of closing it myself if I can not find a buyer.

I think if you can develop a "what if" balance sheet and income statement, you can play with the scenarios to confirm this is a good way to go.

For example, a large bank may only care about your financial situation (credit score, income, cash reserves), while a hard money lender might only care about the investment/deal.Additionally, if you're applying for a traditional loan with a large bank, the information they're going to want is going to be a lot different than if you were applying for a commercial loan.

The new incoming tenant always asks about it-we confirm they have an empty tank by showing them the invoice-it is always a concern with incoming tenants.

On top of the fact that every non-performing asset requires the bank to hold more money in its reserves, money which it cannot lend out!

Indecent 1: They held funds for several days then reached out and ask me to verify my company's info by sending in a business license, state filings and a list of other documents.Indecent 2: They held funds and asked me to verify that my customer was a real person, customer had to provide personal information and confirm that they knew me.Indecent 3: On another transaction they held funds stating that they thought I would make only $10k or less in revenues which is insane.

pid=20601087&sid=a6p0Sot13ROg&refer=home The confirmation opens the way for the New York Fed to name a new president of the central bank's main liaison with Wall Street.

I just wanted confirmation on the cost basis.