The condo is extremely clean and well kept almost like the tenants were specifically brought in almost like a staging.The owner says they might be interested in staying on after I purchase the property but there is zero chance I would keep them in the condo without a new lease.

I have absolutely zero real life Real Estate experience though so I could be way off base in that assumption.

Since these are zeroed out, there is no gift tax.

How tolerable are agents on submitting multiple offers that may not get accepted?

Risk tolerance - some people may not have the risk tolerance to take on the liability of the full flip and hold?

Also, research your specific 401k policies to see what your options are regarding loans or withdrawals with penalties so you know exactly what access you actually have to that money if needed.As far as the other condo, is it possible to work out a short sale with the bank and get out of the monthly loss?

He said: the drain line must have frozen.Well a couple days ago it happened again, again it was zero degrees.

But I don't get to choose, and its not just a problem here - the problem is that in real life, there are many of you who started with absolutely zero clue, and the RK enthusiasts are at least out there running around talking about money and encouraging people to read this terrible book - and it does get out the message that money is powerful and you get that power by investing, not spending.

Let's say the roofer "paid" to advertise his services with a sign in the yard, and that amount exactly offset the deductible...I guess the deductible amount is still recognized as an expense, but the advertising service is taken as income; so there is a net zero effect for taxes?

Now, moving forward I have an umbrella insurance policy, and will be opening an LLC for my current rental property.