Ideally you want to live rent free, so any money you earn from a job can go into your investing "war chest".

Cramer was one of the earliest reporters at American Lawyer magazine, where he worked for founder Steven Brill.[5] Cramer later earned a Juris Doctor degree from Harvard Law School.[3] During his years at Harvard, Cramer worked as a research assistant for Alan Dershowitz.

(i.e. if you put 25,000 into an investment, it has to earn 7% to give you 100,000 in 20 years, hence my conclusion) -- of course 7% isn't great, but I think it's pretty cool that you can break even cash flow wise and still earn 7% steadily as long as you hold for the entire 20 yeas.

you put up some money and learn learn learn, while you earn earn earn.

You can't apply personal type exemptions to an ongoing business income earned, if that were the case I'd apply the million+ from estate exemptions to my business income.Pay unto Caesar what is Caesar's!

A popular book that you can order Used on Amazon is "Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time" (Paperback) by Larry B.

I always disclose risks but I'm the RE guy and I feel like I have to earn the trust they put in me every day.  

I wonder if EXXI will follow suit, we should know by the earnings call on 2/4.

Now subtract your debt (1150*12 = 13800) so 15120-13800 = 1320/yr.The calculations go on, but in short you are going through all your effort to earn 1320/yr.

Most refunds are due to earned income credit, child tax credits, exemptions, etc.