If not, I would just be nice as you can to the tenant and make regular property inspections to make sure the tenant is not destroying the property.

Regular attendance at these meetings will provide you with networking opportunities with a lot of successful real estate people.

Many investors invest within 2-3 hour drive of NYC(update NY, CT, NJ, PA).

Did you update it to have two, how much did that cost?

For the past year, a stock guru who regularly appears on Fox Business News has been buying and selling stocks and I have only netted a 1% gain.Does anyone have any suggestions where I can invest my 457B plan monies short of withdrawing it and paying taxes?

I feel like it's impossible to find those deals through regular MLS.

All 4 units were updated (2 x 2BD/1BA + 2 x 1BD/1BA) and it is fully occupied.

I found this little nugget of info in the instructions for Schedule C (Line 1):Installment sales.Generally, the installment method cannot be used to report income from the sale of (a) personal property regularly sold under the installment method, or (b) real property held for resale to customers.

I'll keep this thread updated even if the deal falls apart, good luck guys!

For example if you owned a restaurant and had those regular customers come in every day for their cup of coffee you will get to know them but you still charge them for what hey order and every now and then you might give them some free coffee but you still charge them.