And avoid having to live in the property????

Another way to avoid any complication is to kiss the note!

The RSS reader or the widget help me avoid logging in to see what is new.

Seems like a Pro would be that you could get property for very cheap, but the cons would be that it may be hard to get the rent out of it that you need and its not a area most would want to live.For thoes of you who own rentals do you deal in areas like this or just avoid it all together?

Went to county office to get info, trying to avoid a lawyer if possible.

These passive loss rules were put in place specifically to avoid people having big non-cash passive losses that they offset against their ordinary income.

Ask them if a person who is certified would be more likely to get business than people without the certification assuming the same level of skills.Now, if the process to be certified would teach you a lot of things you do not know (either in terms of staging or running the business aspects of such a venture) then it might be well worth the money and the time.John Corey

Why is it in a market where you fight to overpay for property that real estate investors crawl out of the woodwork to start buying (like 2004 and 2005 where investors were content with sometimes less than 7% ROA) compared to the now very soft market when seemingly every investor I know or meet sits on their hands avoiding the best buyers market in years??

Some property management types suggest pulling a toilet yearly to check for leaks if you want to avoid water damage.

By this I mean I want to avoid a debate along the lines of the best metric (2% of purchase price for rental income being 1 example).