Which basically means to wait a few months for prices to come down more so that after my DP I still have enough to pay 6+ months of mortgage and food...PM said they think the bottom has been reached here, but that's not what the national news says, and personally, I--who know absolutely nothing--think it has quite a ways to go down, too.

I've looked at numerous bank owned houses that were illegal (yes, that's the correct word) duplex'es or even triplex'es.

Is that correct?

I'm glad I was "sorta kinda" on the right track.Much appreciated, Oh, would I be correct in saying that I would be treating the profit on this as regular earned income and not some other more complicated thing?

Chattel appraisals or cost segregation are not only recognized by the IRS but if you file this way you have to fill out a form stating you are changing from incorrect filing to correct filing.

- Is it spelled correctly?

I don't understand how a Daisy Chain differs from the REO then...Is it just affected by the number of people involved in the food chain?

U....nder C....orrect K....owlege When I say JUST DO IT...........I truely mean that It must be followed up with NEVER GIVE UP NEVER SURRENDER....

The major difference between flipping and rentals is this:Flipping will make you rich if done correctly, rentals will make you wealthy if done correctly.

And if so, I would assume that I would pay more than the 9800, correct.