Based on “substance over form” principles, it ruled that the IRA did not really own Roth Inc for two main reasons:• The IRA’ were exposed to no significant risk; and• An independent person in the IRA’s shoes could not realistically have expected a benefit.Since the IRA did not really “own” Roth Inc, the income really belonged to the taxpayer – and putting that money into the IRA resulted in a taxable “excess contribution”.More specifically, the court held that a $500 investment, absent any other significant risk, does not give rise to any real risk for the IRA.

I hope to be in your shoes one day as well.

The trainer didn't seem super interested, but still it made me think about the old saying:"When even shoe shine boys are giving stock tips, it is time to sell." - Joseph P KennedyIt is important to note that Joseph Kennedy profited from the stock market crash of 1929 by predicting it and this was how he knew it was coming.

And in a lot of cases, sellers tend to not even be able to produce those as its all shoe box accounting.

I know it's easy for the experienced to forget what it's like to be in the inexperienced shoes, but I need to start somewhere. 

You are buying the house worth i.e. 120k and you are getting a 60k credit for taking the land, so you pay 60k at closing.I recommend everyone interested in the sub100 markets to spend a day in the shoes of a property manager in that area before pulling the trigger.

., I was in your shoes a few years back, and considered a lot of those same markets.

wouldn't mind being in your shoes.

I will not waste my time on an open house with curious neighbors, bored realtors and competing landlords.I am not afraid to adjust my asking price if I am concerned about losing out on a month's rent.I never follow up with a tenant- I don't want to shoe horn someone into one of my units and I don't adjust my standards, practices and rules.I have nice places, but even still- when a potential tenant shows up and they have to wait to be shown the unit because of others in line, it does something magical.Best of luck.

I concur with earlier comments (based on personal experience where I was in the Mom’s shoes).