I think people's biggest block is lack of self confidence.

I am scheduled to close on a property next month from Trada and no longer qualify for the loan since I am self-employed.

Of course, I was prepared to defend my self if necessary.Anyway, caution is warranted, but fear is probably not.Good Luck,Mike

I want to buy more homes, but I'm self employed now and have been dumping any money I do have into financing my new company.A lot of people have told me to walk away from these homes but I see profit in all of them, and I feel like I have a foot in the door.

I am a big fan of NOLO Press self help law books.

For starters you have to make sure to assess how you are going to get to the island.

All it does is make them look like self-righteous jerks, running other people down.Generalized complaints about the lack of education in this country that are not directed at a specific poster aren't included in the above rant.

The seller can rehab before I close or I can buy it and rehab my self and the seller will give estimated rehab costs as credit at closing.

Long term, I want to be self-employed and self-sustaining.

The depreciation on rental properties (residential 1-4 units) are calculated from the value of the improvements and divided by 27.5 years.For example, lets say your rental is purchased for $200,000 and the land is assessed at $40,000 and the structure (improvements) assessed at $160,000.