The key with real estate is being able to tax depreciate and write down your growing income every year and then wipe it out as a stepped up basis leaving the properties to your heirs.A refi out of equity is considered a loan so is not generally taxable.Do you think the rich want to make a bunch of money only to give it to the government who can't balance 10 cents much less our national budget??

I would think (within reason) you're fairly safe if it's at least in the 2000's or newer.

He has a site www.123flip.com There are a bunch of other rehab people on here as well.

They put in a bunch of cash for a down payment, and the kids were supposed to make the payments.

Needless to say, I'd rather pay my fair share and abide by the rules.

Just initially as everything is renovated and fairly new.

It's good to research this all upfront before you start spending a bunch of money on campaigns etc.

I'm fairly open as to the style of REI I pursue.

The main problem for the nearly the past year has been hedge funds snapping up a bunch of properties at the auctions AT FULL RETAIL PRICE.Decent rentals can be found in the MLS still here.

Since the returns are fairly similar, at least in the short term, then one idea is to simply alternate.