Sounds good...in theory...In reality, the legal costs associated with suing a major corporation would likely bankrupt the plaintiffs long before ithad any major impact on the company...

Could be a major battle with the neighbors, utility companies, environmental surveys, whatever.Start by calling the planning and zoning commission and discussing the property with them.

So, when a 5% earned income tax cut comes along, the wealthy are already optimizing for their tax burden (likely by a decreased amount of earned income), and it's very unlikely that they'll actually be able to benefit from the full 5% earned income credit without negatively impacting their tax burden somewhere else.

That's a great benefit, and you'll think about your business more strategically after you have good reporting in place.Make sure you correctly account for the houses as inventory versus fixed assets if you are flipping, as it impacts your taxes.

@Jon Klaus, there's a huge difference between simple environmentally sensitive portions of a parcel, and hillside lots in the coastal areas, where we have earthquakes!

Things that used to be called "drainage" or "swamp land" now can be deemed homes to fairy shriimp, or listed as environmentally sensitive, and "wetlands".

However some lawsuits (like environmental issues) still can target the owners (for deeper pocket).

The condition of the property, ascertained in the valuation as the estimated economic life, directly impacts cash flow.

Back to the topic...Here is an article about how many banks (including FNMA and FMAC) will be freezing foreclosures for a couple weeks later this month...this could impact the number of REOs hitting the market come early next year, especially now that they've stopped rubber-stamping the paperwork and will actually have to spend some time catching up to the backlog after the holidays:http://www.mainstreet.com/article/real-estate/foreclosure/banks-suspend-foreclosure-evictions-holidays

The buyer makes the monthly payments, but the loan does not show up on their credit report thus not impacting their ability to get more credit in the future.So for instance, if you purchased 7 rental properties over the next year with your own credit, you might reach a point where you could not get any additional mortgages.