I do have a difference of opinion with regards to taxes and refuse to just eat them and allow them to reduce my investment pool by 20 to 40% at the present time.

Seems ethical to me as they'd be earning less for the same work without some change in contract or whatever.

However, through the screening process you can greatly reduce the chances that you'll end up with a deadbeat tenant.I can't tell that a tenant won't lose their job, but I can use my judgment to determine the likelihood.

Maybe it is a sign that the market has started to rebound or maybe the law AB 284 Nevada passed last year has temporarily reduced the REO inventory.

Use that money to reduce your basis in duplex or to put into more property.Requires patience, but if you can pick up lots on the cheap in this depressed land market, with rentals that generate cash flow, it will be a great long term play.Leonard

I know that PM's are not always that great, but since this property cash flows so great, maybe you could have a PM handle just this property so you still get great profits but reduced headaches?

If rates were higher, the banks would feel real pain from holding these non-earning assets.

It is geat to hear you are focusing on developing a business plan, learning and networking before risking you hard earned money.

The agent who ultimately caused the buyer to purchase the home and earned the commission is generally the procuring cause agent.

If you're earning $15-18K in profit per project, I'm going to assume your all-in costs are going to be about $100K (that could be a bad assumption, but if you're earning 15-20% on your money per project, that's about right).So, he'd be contributing about $15K per project.