Code Sec(s):162; 195Docket:Dkt No. 30077-07.Date Issued:04/30/2009.Judge:Opinion by Gustafson, J.Tax Year(s):Year 2004.Disposition:Decision for Commissioner.Started investigating property: Feb Put first contract (canceled): May Bought first property: December 30thCourt decided that his 21k education expense was not deductible as business expenses but would be considered, at best, the start up cost.

No one will probably tell you they wasted their money on something like this.   

I get NO notification from system that tenant has not made his final payment, since payment series is archived on DUE DATE of last payment.

Here in San Antonio we are perfecting systems for doing un-accompanied (no agent present), vacant home showings.  

Ive been emailing BiggerPockets for over 2 weeks with no response which is a little disheartening.

"no, I don't live here sir, I just come here to work and think most afternoons, then I go and couch surf at a friends house".

The biggest difference with DSCRs is usually 1) prepayment penalties 2) more points 3) an affidavit that you cannot occupy the property 4) covenants and agreements regarding the requirements and rights of the lender to protect/preserve the collateral that may be more aggressive than Conventional.

I still have no deals under my belt but I did get experience seeing first hand the "ins and outs" of deal structures working under an active investor. 

So what your telling me is you would not take the advice of some random stranger to make the biggest financial decision of your life? 

They declined the wire transfer, but with no clear explanation other than to look at the TOS.