Thus the monthly out-of-pocket debt service is not such a hard hit since we can hopefully get some utility out of that money (i.e. living space).

But I do hope that I get some more hits on the poll.

Hello,Let me introduce myself first; My name is Ben, I am an electrical engineer, MBA student, and small-time entrepreneur in Cincinnati Ohio.

Also we haven't hit the peak in the blood spilling from the mortgage crisis.

This past year, I was sitting about 10 rows down from a guy who was hit with a screaming line drive, directly in the forehead.

What helps to make the deal sweet is the Public Service Electric Power Plant is in this town and they do a huge amount of contract work and need housing.

Or will I be hit with the 33% or 35% rate?

Summary of my project: Upgraded old electrical systemComplete kitchen remodel (including soapstone countertops, copper farm sink, stainless appliances)Complete bath remodel (two)Removed walls on stairway, so now open stairwell with new newels, ballisters, etc.All new windows, doors and door hardwareAdded/replaced all molding (crown/baseboards/door/window etc.)Replaced all lights/outlets/switchesRefinished all floors (wood)Replaced all metal radiator covers with custom wood covers (turned many into great little windowseats)And finally (of course) every single paintable surface has been painted!

Its hard to fall in love with This part of Detroit until you do your home work then it hits you like "could of had a V8".

Sounds like you have gained some valuable knowledge and are poised to hit a real homerun.