I once purchased a condo from a developer/converter who, because of 1031 Exchange rules, had to maintain ownership of at least 25% of the units in his 100 unit building for at least a year before selling.

Remember through the Fair Issac rule you have a 30 day window to allow Mortgage companies to pull your credit.

I have no idea of what the individual wants for the building, but I was wondering if the same rules apply when looking at a 1-4 unit building as compared to a 12 unit apt building.ie 50% and 2% rules.

Does a stock investor continuosly believe stocks go up.. forever and ever- or are market fluctuations the rule?

As I'm no moneybags, I can't get my head around where the money for the second, third, fourth properties will come from with my income tied up in the buy and hold.Can anyone help me bridge the gap (in my head)?

Check the house rules for what you can say and how the information will be displayed.

You have to think about this in the way that someone that is not in your local area may be a little more verse in knowing the rules all over, and is not afraid to help you deal with any state.

Depending on local law, and the wording of the lease, and any house rules etc. that apply...

Citigroup's fourth-quarter profit will be reduced by as much as $7 billion because of losses from subprime mortgages, which led to the departure of CEO Charles O.

That's going to make your expenses more like 65-70% of rent, if you just increment the 50% rule up by the "extra" taxes.Jon