Almost immediately, I sold one of them under article of agreement because after I had it inspected, I quickly realized it would cost way more to fix than it would ever be worth in the next 20 years and the cash flow on it after repair was non existent.

But if they sit in the court room for a while, they'll see the tenant advocacy attorneys (who have their paralegals in the hall) and realize they can drag it out.And I almost forgot - if there is any error in your 5 day notice, you go back to step 1.

At the time, we were looking at it as a fix and flip, but it needed a lot of work and we had no contacts in the area to get the work done in a timely and cost effective manner.We spent about a month doing research on local contractors and coming up with a budget and time frame for the project.Feeling confident, we began demolition on the home and quickly realized we were in over our head.

Does the sale get realized as LTCG or ordinary income?

I've dealt with way too many clients who have found a "deal" only to realize they can't afford it because they think you don't need money to buy real estate.

That's very helpful and a realization that I have come to after speaking with the power company. 

I thought it may sound like a good idea, then realize I was excluded many renters.

I realized a 4plex could be a bigger bite then i can chew but if not i planed for a single family and plan to save for that

@Craig Jeppesen I realize they won't use exactly what is listed here.

I am looking to buy my next rental property, even though I’m young there’s ambition and a realization that house hacking is legit.