Either way, the assets need to be liquidated - I just prefer they do it in the swift manner privatizing it can accomplish.Which is what I intend to continue doing.www.BillionDollarBailout.com

(PS - Czech by birth; Hungarian by marriage and divorced by choice) :)Although I respect both your opinion and that of my dad, I do disagree to an extent.

This isn't to say that a duplex or triplex is a bad choice, they just have different characteristics than a single family home.As for the 1031 Exchange, you should learn it inside and out, and don't get confused, you aren't avoiding gains, you're deferring them. :)

I would prefer to owe less on my residence, not more.

Lots of people attend our tax sales here in TX, but I prefer the foreclosure sales.

Wow , just wow........Of course, we'd need better numbers about the properties purchased and if they're cashflowing.I agree with most of what has been said, you have over leveraged and made very poor choices.

I can continue to make the payments to her at 12% which the rent wil cover, but would prefer to be able to pay her back the principal and be done with it.

It's just about preference.

The military is the absolute LAST thing to cut in a world crisis.I prefer to stay America and keep my voice / vote.

If you have a long time horizon and are far from your desired goals, than you may have to opt for a more aggressive investing strategy, depending on your risk preference.