The 4 buyer types: The emotional and practical buyers, who made decisions fast, and could be persuaded and closed relatively quickly if the product made sense, and the analytical and amiable, who take FOREVER to make up their mind, even if it was best for them.Lesson here, know who you are talking to, and use that info to be successful!

., in a real property trade or business) if:1) more than one-half of the personal services you provided during the year were performed in a real property trade or business in which you materially participated; AND2) the number of hours in which you materially participated in this real property trade or business was more than 750 hours; AND3) you must materially participate in each rental real estate activity unless you filed an election to group all rental real estate activities as one (and materially participate in that activity).A "real property trade or business" means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, or rental operation, management, leasing, or brokerage trade or business.Personal services performed as an employee are not treated as being performed in a real property trade or business unless you are a more than 5% owner of the trade or business.For joint return purposes, the eligibility requirements are considered met if either you or your spouse separately satisfy the requirements.

Base your decision on whether or not it's a good deal.

Came here to learn some tricks of the trade as a beginner.

It is a guideline, after a number of years you will get an idea of the % of expenses for your property, but experience shows it will be close to 50%.You can to a certain extent trade some of these %'s with hours and do say the property management yourself, if that's something you'd like to.

Perhaps your aprtment managing skills can be a trade back to me.Best wishes,Will

In addition to what Ken mentioned, there is also the FCPB, they can just look at a deal and find it as a bad business transaction, in line with fair trade practices.

We wanted one that communicated with you about the maintenance on the property and allowed you to make decisions on who might do the repairs

what did you end up doing here Erik never got a final decision post

Others (so as myself), are true hard money lenders, the asset alone is the basis of the credit decision.