The physical real estate the buildings sit on might, but you don't own those.

But there are still a lot of people sitting on the sidelines, which is another indicator to me that its now time for me to buy.

I have been able to sit back over the past week or so and enjoy the fact that I worked hard and hope that everything works out.BUT at the same time I continue to have this odd feelings like I NEED to be doing something or some how, some way, it all may go wrong.

"So now all you do is sit back and collect rent?"

and dont want to sign it away to a corp (it just doesn't sit right with me).I also want to keep it under personal mortgage so I can get a better interest rate.The thing is, Im moving from London, UK to Oakland, CA in the next couple of weeks, so I am very unfamiliar with US legal and tax issues (trying to read and research as much as I can).On another note, if anyone knows an aggressive real estate CPA or attorney in the Bay Area I would be grateful for an intro.

Your profession means you are sitting on a huge supply of private money.

Thanks, @Joshua Jensen .I'll take you up on that.BTW, we were sitting next to each other at the last TREIA West meeting.

There are advantages and disadvantages to everything and someone who can sit down and get a fully understand of the entire situation would be the best source to advise on you that.

After sitting down and calculating known expenses, inputting unknown expenses, and income, this property will clear $3,000 per month.

High earners, usually don't want their hard earned money sitting on the sidelines, but don't really want another job.