Found a great starter home near my college and put 5% down that I earned myself.

But if you do that, you need to be extra careful to get very good deals so you're built-in equity protects you from downturns and you don't get overleveraged.

Manuel Lam If you are a business owner there are some pretty awesome retirement structures you can set up to reduce your tax liability now as well as to grow your wealth tax-deferred (which makes a huge difference over time than paying taxes on your earnings every year).Or of course you could just take distributions out of your business and invest personally without respect to the business.

The other person doesn't have an extra 200K lying around to make good, or2. 

The books would only really be excuse or an extra motive to get together.I think I know at least one other person that may be interested.

Technically you only need to cancel but guests very much appreciate it if you can go the extra mile and find them alternate lodging.  

He usually ends up doing repairs after each tenant leaves and since the parents are usually the ones responsible he has had only a few problems collecting extra repair money.

I have excellent credit, the ability to put 20-25% down and strong W2 earnings.

We have paid down the house (extra payments) and currently owe 118000 roughly. 

In all case, who cares about the taxes when we are earning this much.