I saw a news piece the other day that wealthy people (at least they ones they polled) only consider themselves wealthy when they had achieved $5M in assets and 20% of that was in cash.

Report everything, even the gigs that don't send 1099s, and don't get too enthusiastic with your deductions.

both got reported to the DA.. no criminal charges were ever filed but it made it to the papers..

So no access or news to give out our account number.

I looked at the property prior to sending investors and the Son of the deceased owner gave me an appraisal report.

In LA you have to screen the heck out of your tenants, but the good news is that the demand is astronomical for well located product and people can't afford to buy so the tenant pool is generally much better than in lower cost markets.Like I said, I am ready to diversify though.

Still dismal results as outlined below.ROI %11.03% CAP Rate 4.04% CCR 14.14%Ask Price $64,600.00Loan $51,680.00Down20% $12,920.00Closing6% $3,100.80 (Estimated high for cushion)Reserves 6 mth $3,214.69 (PITI only)Touch Ups2% $1,292.00Property Type 3Rent / Unit 483.00 (Based on reported annual gross)PITI 535.78PM10% 144.90Expenses40% 579.60Total Expenses 1260.28Monthly Gross $1,449.00Annual Gross $17,388.00Monthly NOI $188.72Annual NOI $2,264.61Recover Funds $20,527.4991.7MonthsThank you for taking the time to read and I sincerely appreciate any guidance you might suggest.

Each software program has numerous reports and graphs to show where the money is going.

It's an easy program to learn and you will be able to run reports to track spending.

Here is what the VA guy had to say about the status of the Vendee program:"....There really is no news on vendee as yet.