T&M generally results in over-paying, at least in my experience.EDIT: One more VERY important thing -- if your contractors are doing a lot of work for you and you always pay T&M, you're putting yourself at great risk of the IRS determining that they are actually employees as opposed to independent contractors.

From inexperience somewhere in the process you will lose the deal and have nothing.Then you will be broke and the wife will REALLY be on you.Trust me.This is my opinion on what I would do in your situation.The convention isn't a hard sell for more products.it is other investors networking and sharing knowledge to help each other be financially independant and reach our goals.

The property is called Piedra del Sol, the land is owned by the university (SDSU) but the management there is independent.

The IRS looks at returns before and after the audit years in determining activities.

If you're ever worried about a contractor charging for unnecessary work, bring in an independent third party.

I am going to step on this place HARD.I am an American citizen, and will not tolorate anyone spitting on the Constitution as these HOAs are doing.This is the kind of governance you would expect in a third world country; no checks and balances, no free press, no independant judiciary, a single party political system which counts their own ballots in secret.....I mean come on!

Pursue a broker's license if your ultimate goal is to become self-employed as an independent property manager.Good luck!

They are becoming more aggressive and focused (and auditing) real estate losses in general, and especially those who work full time and claim to be a real estate professional, and claim losses along with it.

I treat it as an independent contractor situation.

This is an apartment owned by San Diego State University but run independently.