Citigroup May Get Government Rescue, Investors Say Nov. 21 (Bloomberg) -- Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said.

Holding properties in an S-Corp would, in most cases, trigger self-employemnt taxes which is something you want to avoid in the RE business.

Your CPA is right on that point, but his advice about sheltering self-employment income taxes with an LLC is off base.

Simply to say that if you can get into a property with 35% equity at purchase, have adequate reserves, you can still benefit from that investment without cash flow (tax deductions, 35% equity, future appreciation, etc)Bottom line: Shoot for cash flow on buy and holds, buy with equity, buy in a market your research has pointed to future appreciation, use the power of leverage properly, manage properly (self or hire) and repeat.The topic was talking about single units and then apartments were mentioned.

Some additional background about me is that I'm self-employed making a good living, own a house and a credit score of 760+.

All people are self-made.

I am confident I will be collecting payments for a long time on this one little deal:) To Mike and Rob: Yes there is a market for mobile home paper.

I starting to concentrate on short sales.I appreciate any help or partnership on my short sale deals and split a profit if any expert can mentor me on short sales.I can see a lot of potential in this forum to build my confidence and knowledge in this business, so I can help more people every day.Thank you for all off you guys to being here.Dakujem ( means Thank you in Slovak).

The owner of any property can be confident that the dog will not cause any damage to the apartment or be a nuisance disturbing other tenants.

Not to mention the business never has to "make money" that it self is a tax benefit.