When you combine the two, the lender is then required to break out what is a fair amount that should be attributed for rents and what should be attributed toward the purchase.

"Your credit is your character," she said.

It can also be attributed to the fact that we are communicating online versus in person.

If you have other partnerships or LLCs that have passive income and generate capital gains, then you can group the capital gains as passive and still keep their character as capital for tax rates purposes, but be able to offset other passive losses.

Not sure I totally agree with ScottFicek's analogy about hillbillies, as I'm from the South and hillbillies/rednecks can be found 25 miles outside of any major city in the U.S, but I do understand and agree with his logic.......the term "slumlord" should definitely be attributed to the person's lack of care about the tenants & property and not the low income housing they are investing in.

So I really wanted to move and took it off the market ( he refused to remove the sign or lock box.. a real character ) refinanced taking enough for the move cash to set up our in house business out here and down and expenses on this homeWe had rented, to a jerk, and are looking at another month two full mortgage payments.I really do not want to own property across the country.I am thinking purchase option / rental.

So, am I angry that your posts semed mor elike attacks on my character?

Talking to phantom sellers and dubious characters, until a friend reffered me to BP.

I remeber when they built it it was a mod home, quickly/cheaply built, plastic siding...etc No character to it at all.

The same character flaws that caused them to have bad credit will cause them to not be able to improve their credit and buy the property.