Other than the big producing nations of the middle east we probably have the world's lowest tax on gasoline, forcing us to spend TRILLIONS per year maintaining the world's only (in the true sense of it) "Blue Water Navy, the most powerful air force and one of the most expensive armies.In order to lessen the tax hit on lower wage workers it should be phased in and accompanied by a decrease in the personal income tax on lower wage earners.

As far as I can tell, these tenants have been unable to produce any lease at all.

No where to go but up and I want to snap up a few income producing properties before prices do start to climb.

Produces low payment.

If you have a full time job producing that other income, it will be extremely difficult to prove you're a RE professional.Good rentals don't produce a lot of losses.

Mostly, the possible income that the cash out refi can produce for your parents, the debt that may be paid off, etc...they are keeping them from or obstructing fair trade.

I'm looking to own a handful of income producing properties by the time i'm 30.

My guess is W2 Rich ...Builders are out of luck as we have too many houses produced during the bubble so we need to chew up 3 years worth of building.So in the end buy cheap housing close to land value (Like 35K and Rent for 950 as listed in a previous post)Good Investing

No problem Bill :) The lender of course has seen the executed contract, but they want to see the sellers contract which he is not willing to produce for them.

Tax assessments for commercial/income producing properties generally have higher rates and will be viewed in a larger sample size in many areas, to justify assessments, so don't bank on these as your market value for any sale.