If it isn't, you will lose.

I don't want to be the kiss of death here, but 22 wins is amazing, however a championship it does not make.Unfortunately the WEST is so competitive, that if they just lose 4 in a row they have a chance of missing the playoffs even!

How about management, advertising, entity maintenance, insurance, evictions, setouts, legal fees, damage done by tenants (in excess of the security deposit), lawsuits, utilities (at least during vacancies), capital expenses (not technically an operating expense), etc, etc, etc?

99% of people share this problem: If a family member or friend needed $500, most people would need a ton of convincing to loan it to them, and if it wasn't repaid it would surely be a BIG problem, some people would even lose friend over such a small amount of money.

One day I'm guaranteed I have the rights to sell notes for Chase the next they never had it in their contract to sell the mortgage notes...Investor SUES U MAKE ZERO NADA ZILCH...SHE'S NOT WORTH LOSING YOUR JOB OVER!

In some states, (mine is one) you lose homestead protection, fair market value protection, and other protections and priveleges given to non-hoa homeowners.

If prices are going down just because prices are generally going down and buyers are feeling spooked, that's one thing.But if it is depreciating because the drug dealers are moving into the neighborhood and all the factories have closed and there is no living wage work, then that is a different situation entirely.Also, when you are running your figures, remember that the dollar loses perchasing power over time.

This means that for every $2 over $100,000 of adjusted gross income you will lose $1 off the $25,000 deductible amount.

Unless you qualify as a "real estate professional", you wouldn't be able to deduct your excess passive losses (losses that exceed your passive income) against your other income.I know you're hating to pay all those taxes.

My Quote of the Day: "If you are investing with scared money, you will probably lose it!"