Thanks Jon, that's what I thought.I'm in a non-real estate partnership out of state (CA) and it's involved.I'm silent, passive partner, still one day in CA triggers more.I would assume I would still file with a loss to have the loss carry forward documented.

I would try to focus on getting advice from actual owners versus the naysayers.You might consider attending the HomeAway Summit in San Diego this fall.

I'm told that I can get 900k+ for our house, which seems to fall in line with some the the recent comps in the area.

This is the best way I know of to hopefully never have to fall back on my lease.

I am a big fan of the conventional because it is cheaper longer term since pmi can fall off.

If there financing falls through, we have a few folks that we know will rent from us.

I am focused on acquiring more rentals, but at the same time don't want to fall in love with any property just because I want more rental property.

It's refreshing to hear also that you've managed to be successful with properties that don't necessarily fall into the 1 and 2% "rule" categories... while I've seen many properties in my area that do meet those guidelines, I've also investigated others that definitely don't!

I happen to stumble on a home that had a contract fall through and was able to be first in line before any other buyers.  

As well remember when its in your name all the liability falls on you regarding taxes or issues with the home down the road.