Define the value of this property relative to your time you need to sell.Is the market going up, flat, going down and by what percent a month.

I am looking for "lesser" properties, which I define as being fairly assessed (note I said fairly) at $120,000 or below.  

Your point is, being a high W2 earner, and being unable to write off any losses from real estate (as its an IRS defined passive activity),  what is the advantage?

Yes, but it is not so neatly defined.  

I outlined how I did that here - I hope that provides some value to you as you define your search parameters and strategy.The key for me was that as an owner occupier, I was looking at multifamilies that other homeowners weren't interested in, and I bought a property under HomePath's first look program where Fannie Mae only allowed people who intended to LIVE in the property to offer on it for the first 30 days.  

When filing a LLC, yes you can do it yourself, but be sure, with partners, to have a clearly defined Operating Agreement.

DORA has defined as acceptable “full disclosure” to be a one line statement on home closing documents or a one liner buried in an HOA contract.

I know zillow and neighborhoodscout have some good data, but how would you specifically define a good area to buy and hold?

I have plans for financial independence by 40, and since I didn't start in my 20s, leverage is a key component

Purpose of question:  I'd like to compile an online dictionary of frequently-used real estate terms, defined in words an average person can understand.If you already use a good, concise real estate dictionary web page, please share the link.