I will try to answer most of your questionsOwning a duplex and living in one unit while renting out the other offers numerous tax advantages over owning and living in a single-family home.

I have been around real estate my entire life.

Many people think a good deal only happens once in a life time, once in a decade, once in a year.

Take the lumps, get rid of this albatross and move on with life.

As far as I am concerned, there is 80%+ that just go through life in a fog, can’t think or make a logical conclusion with a road map and wonder why things are going badly for them.

As I said, I live life on my terms...not anyone else's.

I searched the board, this question have been asked numerous times but never really answered.

The broker for the property, Brian Harp, BLH Property Management, has repeated ignored requests to return our $500 deposit and made numerous excuses for not sending it (been travelling, can't find papers, .....).

I would not go as far as to say that flipping, rehabbing, etc is not investing, but Tracey makes some very valid points and I agree.Buy and hold is the single most reason of wealth creation and when done correctly. can provide not only the net worth aspect, but a passive income stream for life whereas flipping and the like require an onging effort to retain an income stream.I think it is the very best way to start, although I also agree one should do a few "flips" (which can be a wholesale deal, sell a contract, rehab project, etc.) to gain some capital for buy and hold acquisitions and reserve accounts.

Numerous foreign companies and individuals own property and companies in the US.