nowadays a buck is just worth pennies compared to what it used to 40 years ago. whats in store for the US dollar within another 40?

He could become a "guru" on how to suck every penny possible out of a property with only putting 1/1000 of a penny back into it.  

Just because you build it DOES NOT mean they will come (except for the copper).

Never paid a penny toward my mortgage and luckily no issues thus far!

I made an all cash offer (low ball, but not insulting) since I walked through the property with my agent and contractor and it needs a lot of work (furnace x2, tons of outside work, water in basement, windows, flooring, copper plumbing, etc.) 

With our lower income and three children with autism, every penny helps.One more piece of info:  Also suggested was to take the LLC and make it the mgt LLC.  

Other times, your find yourself reading a penny horrible with outright misrepresentation of past financial performance.Another favourite is the repositioned asset, "We've totally rehabbed the entire 24-unit building and it's now 100% occupied".  

I would much rather buy a house pennies on the dollar and have to renovate, instead of paying a premium up front and of course not having instant equity. 

It's amazing how quickly that can add up but until I figure out some creative financing I need every penny I can get. 

So we need every penny of income on our taxes to allow us to qualify for the next rental.