I am very data driven I enjoy querying databases and producing maps from the results, this question is my forte.

I would let it go, long as tenant can produce the receipt so you can write it off.IF he cannot produce a receipt well than I would be very weary about it.regards,Chris

Either a short sale or a foreclose may result in taxes on the "phantom income" produced by the forgiven debt.

Rinse, lather, repeat.Of course, we all know that a $2,000/mo rental does NOT always produce $20,000 in NOI, but it doesn't matter, so long as the hedge funds can get their REITs and pension funds to analyze the data in the same incorrect way.

Seems like another good way to diversify and produce additional income.

Buy your properties over the course of a year or two - make sure they are actually producing as planned before jumping into the next deal.

I do have two rental properties that will produce about 380 dollars in equity per month.

Never understood why the producers of these shows think people want to watch screaming and yelling?

The crack is likely at a bolt slot as thats where all the stress is, making it even less likely it would hold.

The raw land had never been developed, so it never even produced income, but I believe that would be acceptable as the relinquished property in a 1031 exchange.