Hello all.So I took the advice of a few long term members and spent the first few weeks just perusing the wealth of information on the site,and it was a very useful tip because many of the initial questions I had were covered in the blogs and podcasts, but I have a few remaining and if anyone has a moment to advise I would be eternally grateful.Basically, what I am trying to figure out is this:* I have recently called time on a long career in the derivatives market and am interested in getting into RE investing, but the area which has appealed to me most is accumulating rental properties and paying them down over time.

Over time, you could have accumulated a greater loan balance that you originally owed.

Have $3000-$5000 saved for repairs to just this house and cover any issues that might arise until I can get that amount accumulated in cash from renting of the house.

., they increase the basis) and therefore reduced the gain on sale, which is subject to tax.The simplified version of the formula is: selling price less adjusted basis = gain ...so anything that increases the basis reduces the gain.In general, the adjusted basis is the original purchase price plus any capital improvements, plus costs of sale, less accumulated depreciation.Originally posted by "brainfry35":Your Taxable Income = Net Operating Income - Depreciation - Mortgage Interest.Because your taxable income is negative means you are due for a return from your dear friend Uncle Sam.Does anyone know what Estimated Sales Cost is on the Property Analysis Tool?

I assumed was not intended as his plan but simply a statement referring to the conditions of a FAH loan.There is no intent of fraud, the bank will make the decision based on having this information and there is no reason it can not be done.There is no legal or ethical issue.As for kicking out tenants there is no accumulated seniority with length of stay.

I have seen families with very modest salaries accumulate a nice retirement nest egg.

I started finding better info sources and largely avoid the real estate community until about 1998 when I realized that I had accumulated the body of knowledge and expertise that I once sought.

Financially, I prefer to limit the spending and continue to accumulate my positive cash flow and re-invest to compound on additional RE investment.

I realize that some people, though prefer to have no debt.I say continue to accumulate property, just make sure you buy wisely each time.

This Execute, Rinse, Repeat exercise adds you 1 solid property a year.If you have additional savings based on having your house partially rented and cash flow off the properties you're accumulating, you can look to use that money for down payments on other more turn key properties to more quickly grow your portfolio.