I know there are a number of REI clubs here in Dallas and I don't want to waste my time at the ones that just pitch products or hype.I'll definitely check out The Roddy Roundup!

Personally I would apologize to the seller for wasting their time.

I know myself, and I knew that I would waste tons of time, effort and money attempting to learn this business on my own.

Effectively, Uncle Sam has loaned you $1250.OTOH, if your AGI is over $150K, you won't be able to deduct that passive loss against your income.

If you're looking into existing mobile home lots with the infrastructure already in place, it may be more cost effective.

Bob Lowry The 2% "rule" is based around a 25-50K house and like Jon said assumes a 6% interest rate, so obviously as you start messing with the basic concept it becomes skewed and doesn't effectively work anymore.

They were not at all happy with that.Long story short, the guy made a threatening remark to the PM today and so the management company just advised me that they are unable to effectively manage this situation and are pretty much hanging us out to dry with a very difficult tenant.

I guess I just felt like water in an old basement when it rains heavily obviously doesn't negatively effect the structure of the home since it has likely been wet since 1938 ...and if it is not a living space, why does it matter to a renter?

Hi Mathew, thanks for asking about in effect the tax treatment of non refundable option payments, rent credit etc!!

I've wasted precious money on RE seminars, boot camps, online courses etc.