And China also produced this doozy:http://xfinity.comcast.net/video/Raw-Chinese-Highway-Built-Around-Home/9754179893/Comcast/TopVideos/Seriously!?!

I'm calling BS on this info from you accountant until he produces a link to the rule or reg...If he does, then I'll eat crow along with the others :) If he doesn't, you should consider getting yourself another accountant.

I've thought that I could consider it given that my partners make a significant financial investment + time investment, but quite frankly I can not imagine a scenario where they could invest as much time as me (they've offered to help with editing, but I have a better eye for it, plus I've already been doing it, and I'll produce a better finished product so I don't think I'd be willing to relinquish editing duties).Basically, I can't envision a scenario where they could possibly take on equal responsibility.With that said, I want to get your opinion on how I should proceed.

I am very data driven I enjoy querying databases and producing maps from the results, this question is my forte.

I would let it go, long as tenant can produce the receipt so you can write it off.IF he cannot produce a receipt well than I would be very weary about it.regards,Chris

Either a short sale or a foreclose may result in taxes on the "phantom income" produced by the forgiven debt.

Rinse, lather, repeat.Of course, we all know that a $2,000/mo rental does NOT always produce $20,000 in NOI, but it doesn't matter, so long as the hedge funds can get their REITs and pension funds to analyze the data in the same incorrect way.

Seems like another good way to diversify and produce additional income.

Buy your properties over the course of a year or two - make sure they are actually producing as planned before jumping into the next deal.

I do have two rental properties that will produce about 380 dollars in equity per month.