Then again joining a ski club with a house might be cheaper.We lost a deal in Vermont on buying a ski club house something like the boarding house Bill mentioned, we were involved prior to the house going for sale and it is a management challenge to book those rooms and have people share the common space.

Hi @Lynn James - Sorry for the challenge.

I would be interested in picking your brain sometime WRT challenges and opportunities you've run into locally.

Axiometrics posted their latest chart of multifamily permits for their top 40 metros- it's good to know how much new competition you'll be facing.

I have a full time job and self manage about 15 units as well as extensive rehabs all at the same time, and it can get very challenging at times.

Then you are not facing a sinking floor issue.

The investors challenge is the marketing campaign to find the sellers (as it always is especially in a sellers market).Good luck.

I know you're supposed to review the HUD-1 until you're blue in the face, and then review it again - I did.

For tenants though they never get that they are paying for heat in their electric bill so you will always have that challenge.

Since I have a job not related to RE in 2014 I was planning on reporting on Schedule D via form 8949 and selecting (c); I think I'll be safe but would understand if IRS challenges me.