Apply the 50% rule, and you'll see that a higher priced property with correspondingly higher rent will produce the same $100/month at a lower percentage.Very tough to find one that will produce $700/month in real cash flow after realistic expenses.

I want a "farm" that keeps producing not a brokerage where I have to keep chasing deals.

This way you are walking into a property that is producing enough income off the abt to pay the interest on the HML while you seek out permenent financing.

People stop buying and the producers suffer.

That's a sign of the body eliminating toxins.

Klyde, You should think of tax benefits of owning an income producing property as a bonus, NOT a reason to get involved.

This rule is a strange quagmire because (correct me if I'm wrong) but, without being currently licensed or having held a license in the past, one does not fall under enforcement of any regulatory body.

Having a show would be awesome, but not sure how productive it would be to have all those producers, writers, and staff around my rehab crews!!!!

However, due to recent tax increase in TX, I'm in the negative, however since all my Alabama properties produce healthy cash flow, it offsets my losses in TX.

I agree with Tim, as a former Paramedic, I have a rather broad range of experience with all street drugs, On one hand I am a fairly staunch conservative, On the other I can confidently say that I don't believe I have ever ran a ambulance call for either a car accident, domestic violence, or assault where Marijuana was a main contributing factor, I believe it should be intensely regulated at least as much as alcohol if not more, and that street dealers should receive increased sentences and jail time for selling without a license and tax evasion.I think it should have its own tax bracket concurrent with cigarette prices, But I can attest as to thst because your not seeing it, doesnt mean its slowing down or going away, The city I recently moved from is one of the largest producers of meth in the country, and it is only getting worse.