Good debt is debt which pays for an income producing asset.

The best to you and your wife in your endeavors.Learn, Apply, Produce!

What other solutions exist in this industry that you have found particularly useful or innovative?

That project ended up exceeding all of our expectations and is detailed more in this forum post.https://www.biggerpockets.com/forums/223/topics/20...Since the start of my first rehab project in March of last year I've purchased, rehabbed, and sold 5 properties (4 SFR's and 1 Condo) that produced a net profit of approximately $146,000.  

I am constantly amazed at the low quality of work that many agents produce.    

As far as taxes are concerned Seller had already agreed to pay us prorated cost as per 2014 taxes, but we know that the taxes for 2015 are going to be definitely higher and have an amendment in the HUD to have them reimburse the amount once the taxes for 2015 comes up which is sometime in Nov 2015..My wife is signing the papers as we I write.Kind Regards,Rajiv

Both of these loans were done in Nov. of 2006 and the owner has never made the agreed payments.  

he nodded to him pro forma" adjectiveadjective: proforma1. done or produced as a matter of form."

I've developed my analysis sheets and parameters based on all my research, basically looking for minimum of $300/month CF with 20% initial equity after all costs, and below $20k in cash outlay, producing at least 15% ROI.  

They produce alot of homes here in Florida.