I know one person who took out a HELOC to reinvest, and ended up buying some big toys, paying for travel and other things, and now the house is underwater with no income to show for it.  

Cap rates for quality are generally 7 to 8 range for medical office.

For example, you can deduct certain medical expenses in NJ, but not in Pennsylvania, but in Pennsylvania you can deduct unreimbursed business expenses, but not in Texas, because there is NO income tax in Texas.Jim Kennedy CPA 

They derive enjoyment from a fancy car, like other people enjoy traveling or electronic gadgets.

You live in an exotic destination and will be competing with hotels for most travelers that are renting a few nights from you.

I am 24 years old and plan on investing to create enough passive income to make a good living and travel the world with my soon-to-be wife, Tera. 

One thing that will kill your opportunity on this potential deal is if there is a Medicare/Medical claim against the estate depending upon how large it is but that would be the PR's problem.And remember think of all the assets as a title problem.

In our house, the master bedroom is the furthest room from the source, so the cool air not only has to travel the longest, it also gets the "leftovers" after the rest of the house has had its share.In order to get some air to our bedroom, I have to choke down a few registers, such as the kitchen, den, and bathrooms.

So there is a guy that travels in some investor circles I frequent that I just found out is a registered sex offender.

See you in Denver this March.By the way, send me an email with your travel plans to Denver, I fly out of Burbank Thursday March 22 and come back Sunday.