Now comes the deferred gain, if you rent any part of it, the IRS may treat that as rental property even if you live there as well.

We have our own fund that we manage and like many on this forum we treat it as a serious business.

No matter if your home is in the lowest income area in the world, it is the PM's duty to treat your property equally and professionally.

They don't treat each dollar as if it's the last dollar they'll ever see, and they don't have *any* emotional attachment to the money.

I still have money in the market, but it's a secondary investment.I'm treating my current job as the means to an end - dumping as much as I can into RE, RE that I plan to pay off as quickly as possible to build a nice passive income stream for the future.I'm late to the game, but have a solid plan and the income stream is building.

Like I said normally he'd be talking to the willows and it, but he is a wll known business man in my area, I have to treat him with kid gloves as long as I want to operate in the not so nice area's of town.

This concept is working if you treat your properties as if they were your 401K.

If the home continues to be yourmain home for at least 36 months beginning on thepurchase date, you do not have to repay any of thecredit.If you and your spouse claim the credit on a jointreturn, each spouse is treated as having been allowedhalf of the credit for purposes of repaying the credit.Exceptions.

They are treated like any other declining balance installment loan.

Using that analogy, something given away for free has to be worthless, and that is exactly how people treat it.