The advice rendered is generally that your 1031 exchange has failed and will not qualify for tax deferred treatment; in short, it’s taxable.

Potentially I can be involved in R.E. full or part time, as my non-R.E. activities give me flexibility.There was an excellent post somewhere else on this forum (can't remember where I saw it), saying that to make money, you have to add value.

Of course circumstances (retirement, medical expenses, divorce, etc.) may cause you to sell sooner than you want but let's face it, how much can you *really* lose on an investment property of let's say $150k.

Absolute (sells to the last and highest bidder regardless of price)Reserve (seller and I agree on a minumum price for a sale to take place)A 10% Non Refundable deposit is taken the day of the sale and closing takes place with all cash and no contingencies within 30 to 45 days.Auctions do not produce foolish people that are going to pay more than what a property is worth.

If you don't, you can go through the listing agent and since they would receive both sides of the commission, you should get pretty good treatment.

One is a physician who now makes more money in real estate than he does in his medical practice.

Like a good investor, I am prepared to hold the house for the Congressionally approved 5 years and live in the house the last two years to receive favorable tax treatment should all of the above fail --praying all the while for a decent tenant who could actually take care of a freshly rehabbed house AND change filters AND cut the grass.

Taxes on a non-homesteaded house in most school districts is probably 2.8% +/- so figure about $4K/year, Fire and EC insurance is another $700-$1,000, I guess HOA fees are a few hundred a year.So, with NO VACANCIES, NO REPAIRS you're looking at less than 6% CASH ON CASH.

The fund which requires $500,000 minimum investment focuses on buying non-performing credit card debt in wholesale quantities and prices from major card issuers and then converting some of it into current, paying debt.

I live in an urban area that does not have zoning, and as far as taxes it is considered commercial, but i understand that any investment property (non-Lived in) is considered commercial as far as taxes.