I think Athens has a lot of potential for a small investor, but we're going to have to see what reforms ND is going to try in the months ahead.

The "reform" bill is going to end up being one of the worst pieces of legislation for the consumer we've ever seen.Anyone else?

Tom Daschle didn’t “remember†to pay $128,203 until after he was picked by Obama to lead the health care reform efforts.

I was no prepared for 1986 tax reform either LOL

Or experience with conventional lenders using this method since the big credit reform after the meltdown?

The guys got backed up a day just reforming the whole thing.

Not owning a home or completing a RE form is no barrier to achieving your goals.I take it that you are hungry for success, so, follow my suggestions below and you will be well on your way!

@John Hixon 529 plans are a good vehicle, but I think education will be the center of reform in the coming years and in the wake of such reform, many of these investment plans may see major changes - so today it is a great idea, but will a change in the rules erase some of the benefits the plan offers?

@Dave Saveri to preface, accelerated depreciation separates into three categories according to the Internal Revenue Code:"Personal, or tangible property" depreciates over 5 years"Land improvements" depreciates over 15 yearsBuilding, or structural components (everything else) depreciates over 27.5 or 39 years (which may change with the new tax reform to 25 years)That being said, some examples of 5-year property are: furniture, fixtures & equipment, carpet, decorative light fixtures, electrical costs that serve telephones and data outlets, shelves, decorative molding, etc.Some examples of 15-year property are: parking lots, fences, signage, etc.It is important to note, that the IRS highly recommends these property allocations (cost segregation) to be sourced according to the MACRAS Modified Accelerated Cost Recovery System, and the IRS Cost Segregation Audit Techniques Guide, and not estimated.

Ramsey's success soon came to an end as the Tax Reform Act of 1986 began to have a negative impact on the real estate business.