Of course one of the top things I've wanted was a Lamborghini because they exhibited power and grace.

Now your comments exhibit plain ignorance...

Here are the rules:Passive Activity Loss ATG - Exhibit 2.4: Real Estate Professionals

I may consider selling between $715-735 to help keep my shirt firmly on my back or at least reduce my loss after fees.As for the possible fraud: I pulled paperwork last night and the allotment was listed on the HUD, had a signed addendum, and an extra exhibit lisitng the allotment, all signed off by my lawyer.

However, heading into the fall it will be difficult to sustain that momentum in purchases because the lack of supply is already exhibiting a constraint on sales activity.

But the sign of a good HML is how they work deals out as well.If your borrower goes dark on you .. well its Katy bar the door.. if your borrower exhibits top notch Character then you go to the ends of the earth for them.that's my take on it..

Generally assets are attached to the contract as an exhibit in a referenced schedule of assets.

Then look for markets that exhibit those characteristics.Your market timing might have been more important than any other factor on your Colorado purchase.  

No need to have an income statement and CF statement unless you just like to have the exhibits.

Each time I return to real estate I see the inexperience I exhibited the time before and this time I feel much more prepared and level-headed.As I mentioned, my wife and I are looking to stop renting and purchase our first property sometime soon (we've already been to a handful of properties with our agent).