That is a skill that takes a lot of practice. 

Hi there,I am doing as Brandon said in the webinar today and practicing analyzing a property.

In L.A you practically never see small multis 2-4 units for sale with vacant units, of course they don't cash flow either which is a bit of an issue.. 

What you're able to do vs what's practical. 

I don't like using this practice. 

Best practice to just let banks assume it is a rental? 

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

This is an extremely common practice.

But granite is extremely durable and practical, unlike Corian or other trendy surfaces.

I suggest in practice it means your customers pay you $750 and $150 per year and exchange you mail them some apparently irs acceptable plan documents as PDF files and then bear little to no ongoing responsibility for plan compliance or tax law adherence.