That's totally incorrect. 

Have a business or 2nd business to convert EXPENSES into DEDUCTIONS.While it sounds like Rich is using the terms "expenses" and "deductions" incorrectly, I think the point he is trying to get across is that there are certain expenses that can be written off in the context of running a business that can't be written off without the pretense of a business.For example, certain vehicle expenses are deductible if the vehicle is used for business purposes.

I also believe that there is one at The Green Turtle in Newark, DE by Border Cafe on the last Tuesday of the month ... if I am incorrect, someone please let me know.

And the title companies use twelve months from the date of the sheriff sale as the wait period on these (incorrectly I must add as explained earlier); given that a sheriff's deed takes from six to twelve weeks to record, that is usually a safe number to use - until a former homeowner challenges the sheriff sale and the challenge lasts close to a year before the sheriff's deed is issued ... 

To say it isn't scale-able is incorrect - it's not quickly scale-able but, as equity build, you can refi these and roll into more no different than you could any other investment.

There a ton of people out there and on the forums who own dozens or even hundreds of rental units.If you are self managing it will obviously be more time intensive to have that triplex in addition to your duplex, but still very possible for 1 person to take on.Michael's feedback above is incorrect. 

Actually that is entirely incorrect.

Some cities will state (incorrectly) that is not the law.

Sometimes that isn't the case, as depending on the county, its possible one vendor may have mapped the use code to a property type incorrectly, and the other got it right.

Originally posted by @Steve Snyder:Lots of people make all cash offers when they're backed by hard money That is true but it is incorrect.