If you do this then it is critically important that you maintain business records and keep your personal life seperate from your business (e.g. don't use a personal bank account for the business, get an account in the name of the business).

My wife made me purchase a substantial life insurance policy (term) to pay a significant portion of the estate taxes that will be due.

FEAR" has been the most prevalent factor in life that has kept many investors from being successful."

[size=16]Discover Your Passion & Turn it Into Profit[/size]We act as though comfort and luxury were the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about.Charles Kingsley A recent television ad for a large investment firm said in part, “This is what you’ve been working towards doing your whole life”.

It has been the single biggest hassle of my life.

I think in this situation and in life, if you can survive the tough times, the good times seem all that much sweeter.

Life is a team sport" is attributed to Michael Waltrio (soon to drive the #55 NAPA TOYOTA in 2007) in Chicken Soup for the NASCAR Soul and is featured on the blue Hendrick Motor Sport wrist band.

A few other thoughts, if you want to get down to the nitty gritty about the bottom line, though some of these stats are relevant whether you sell or keep the prop: -expected appreciation over life of investment -equity bought through mortgage payments -benefit of the interest home mortgage interest deduction in terms of saved (or shielded) current annual income -a 10% misc operating expenses bill tacked on -a 4%-12% vacancy rate average depending on local norms -25% recapture of depreciation -cost of improvements that will likely become necessary if you keep the house for 10 years+ like new roof, new water heater, new carpet/floors, etc...minus the depreciation you can claim for each over time -whether you've held the property for at least a year, which will impact the classification of short-term cap gains taxed at personal income rate, or long-term cap gains currently taxed at 15%.

If you can do the research and contact all of the companies yourself, then set up the negotiations in the best way, you can save the money on a broker...BUT, a good broker is worth their commission if they can do all of the leg work for you and allow you to get onto other things with your life or investing.There is nothing worse than lazy agents that just list properties and wait for the offers to come in.

I took the time to read some of those posts.I can clearly tell that those people will never get anywhere in life.