Thank you Michael, the maket here is up & down right now some areas have been hit pretty hard... yet i have been able to find a few good investments.

Whoever hit my neighbor's house (nowhere near a bad section of town, by the way) must have cased it and knew exactly what they were doing.

Kyle -- You hit it precisely.

There are no deductions for anything you're doing, with the possible exception of specific items like energy efficiency improvements.

If we designated 90% to my husband and 10% to myself then the SE tax hit will be less because my husband has a "W-2" job so he already maxes out.

Rarely is the phenomenon as organized as Rameau's effort to "liberate" foreclosed homes.Florida _ especially the Miami area, with its once-booming condo market _ is one of the hardest-hit states in the housing crisis, largely because of overbuilding and speculation.

However I am going to hold onto this as I only need a few more month before a hit that sweet 2 year tax free mark.

Currently, I have to scroll down to the bottome of page 1 of my collegue list, then hit page 3, then scroll down to bottom and click page 5 just to get to my R's (they are in alphabetical order).

Some serious poo poo is about to hit the fan.

These types of investors will normally buy more properties from you than a rehabber, and they normally can buy at a higher price than a rehabber and still hit their numbers.