Marc, You have received some great points and info. here.

If the first set of apps I receive passes, I call them and tell them yes.

How much, when, how the money is received all seem to matter in your deals.I can understand your position.

The IRS should look at it as an overall continuation of the investment as long as you're not receiving any cash.

We went to see it the day I received the listing.

I would rather have 10-12 good listings that I can be doing open houses, receiving phone calls that are in high traffic areas, rather than having 25 listings that are just going to sit.

People who receive your mailing can go to the website to find out more.

I have received several free months from having friends and associates sign up.

:help: :help: :help: 485 sq ft Studio in apartment turned condo, in community that rents at around 95% occupancybuilt 1983, updated in 20031/4 mile from Palms CasinoSales price 110K, 10% down required11K cashback at closing, if financing is done through preferred lender (covers 10% downpayment)Management takes care of all internal repairsCurrent tenant renting at 605/month, on lease through 3/1/08Developer offering leaseback of 770/month + no HOA fees or Mgmt fees for 2 years (guaranteed to net profit $90 per month after taxes for 2 years)After 2 years, owner receives whatever property rents for, plus is put in a "Shared Rental Pool": a quarterly check of [Going Rent of all comparable studios in community]X[% Occupied in community]-[losses/improvements of the community].

I received good tip in paying down my debt and I am doing that as we speak.