Your first misconception is this calculation here. 

@Noah Mencia its a common misconception that it is valid in 12 states.

There are many misconceptions out there...most of what you read on the internet is false or misleading. 

Furthermore, when these 'connections' do overheat they will not trip a circuit breaker per se (typically activated by excess current), but instead could become 'hot' enough to ignite the surroundings.Assuming it hasn't been a problem for 30-40 years is also a misconception, because the longer these splices/connections etc are allowed to deteriorate the greater the potential for a fire hazard.Good luck !!!

I have 8 units with section 8 tenants and there are a lot of misconceptions on how the payments are figured out.

I guess my biggest misconception was that I thought that if I didn't take as much, I wouldn't have as much recapture when I sold. 

Hey Mario, (and anyone else lol) I am a carpenter of 15+ years here in the Midwest; and a common misconception of most is that your ext siding (be it wood,vinyl,cement,stucco, etc) is a waterproof barrier....THIS IS NOT THE CASE!!

No one is under any type of misconception about that. 

There are so many items here to comment on, that initially I wouldn't know where to start...mainly, because this post is so disjointed and filled with many, many misconceptions and incomplete thoughts. 

There are a lot of misconceptions out there about asset protection.