Like I said before, I was in a similar situation and the reason I chose to take the financial hit was because I purchased my dream property at a nice discount. 

Yet most people remain holding onto the American dream. 

Sit down with your partner and sketch out a plan of what you want to accomplish in the "now", the "mid term" and "in your dream scenario", then earmark several hundred dollars for professional fees and find yourself an attorney and accountant with cross-border business and real-estate experience (interview these folks like you would any other professional on your team until you find people with whom you are comfortable) and come-up with a starting point and a plan for growth which will allow you to add organisation as needed w/o incurring a large taxation event.   

Goals without execution are just dreams.

When it comes to my dreams, I'm very impressionable.

I think I must be just to old for such dreams "free power" that cost $435 per month.Jim

Thanks for pursuing your dream of BP.  

Thank you to all who make this website possible and to @Joshua Dorkin for having dream and taking the courage to follow that dream and making it a reality.

I suspect some of this thinking is spurred on by Thanksgiving contemplation and beginning work on my BP blog (see link below).When I started investing in real estate I had a dream of wealth and the certainty that property evokes.Starting out with only student debt to my name, building wealth has always been important to me.Today that dream is still intact but added to it is a passion for serving others.Helping others make a home and providing for my family at the same time has largely replaced my more vague ambition for wealth.I enjoy being a provider of the roof over the head of my tenant.Being my tenant's keeper.It offers purpose, and one that feels wholesome.Why do you invest in real estate?

I saw these online the other day and wondered if in some way these are an investors dream or nightmare.