Mind you, this was not based on credit score or past performance, but effected everyone.

What about lawyers?

However, since the lease isn't effective until a month from now, you wouldn't get the keys until the move-in date shown on the lease.Mike

Since then the property has been vacant as I attempt to find qualified next tenants.For tax purposes for 2008, I am assuming the vacant days will only effect the income side of the tax equation and the remainder (depreciation, other expenses) will be allowed as previous years even though the property was vacant for 7 months of the year.

Nc Mark,I have a friend that does data analysis for the prison system here in California.Recidivism rate is 80-90 % depending on who you ask.70k per inmate PLUS medical costs, (this information is a few years old) in a system where hepatitis.AIDS and TB are rampant.90 some percent of people in prison in California at least, are there for drug related crimes with the attendant drain on court systems, social services etc. tTe cost is staggering and has absolutely no effect on the use of drugs.The largest cash crop in California is green and smells like skunks but it is completely untaxed.

You can be a very effective wholesaler if you just want to work in your spare time around your work schedule, but it will take a larger time committment than just driving around and finding prospective houses.

If I buy a residential property in Canada to rent it out by using a mortage loan is there a tax deduction on the interest of the loan.On the other hand, if I buy my first residential property to live in then how is this taxations and tax deduction effect on the mortage loan.

I think most investors are conservative and place less weight on tax effects, but to completely ignore them would not provide the most clear picture about an investment decision.

Through the first half of 2007 I was telling my membership to seriously consider selling most of their investments while the prices were still high.Then at the start of 2008 I told them it was too late if they had not already taken action and discussions turned to scooping up bargains and effectively managing their holdings to weather the economic storm.What I did not talk about was the hidden fraud at so many levels in the financial system.

People see the foreclosure numbers, and that banks are not even selling what they have, and then we have a whole new load (of REOs) coming on, and that's causing people not to price things effectively and accurately," Olshin said.