Afterall, we put in a considerable amount of time and effort and money to build the portfolio (not a real example).Any other strategies out there?

I get my realtor to market for a tenant4. tenant pays me consideration for option5. tenant is responsible for all repairs,6. if something major happens to the house, like a tree falls on it, insurance kicks in7.

I bought my current home as an investment, while I have no intentions on moving again ANY time soon, I bought it for the right price and should be worth considerably more for my kids way down the road, hopefully.

Because the hobby loss rule was enacted specifically to address concerns about excess expenses deductions in farming, the hobby loss rule applies without exception to farm and forestry situations.My original example of the tree farm was specifically geared to demonstrate a legitimate business that would trigger the presumption under the hobby loss rule, but which could potentially justifiably rebut the presumption under the hobby loss rule....I think there was a disconnect somewhere along the way....

In other words, if you have a considerable amount of liquid assets, a lender will view you more favorably as a borrower regardless of your income situation / source.I'm local to Houston, TX and please let us know if we can ever be of further assistance!

Sufficient consideration must be paid for a valid contract.

The other condition would be to quit to the house in broom swept condition early in consideration for return of the security deposit.

Join clubs, activities, sororities, etc.As far as the mistakes, mine at the beginning (the mistakes do not end at the beginning by the way) were paying too much for buy and hold properties, not networking enough early on, waiting too long to pull the trigger on RE (took me 4 years from I want to do this to actually doing it), and biggest mistake at the start was a lack of focus on one strategy.

Otherwise, the advice may be incorrect and cause you harm.Every state has unique laws.The attorney will review your specific situation and then provide the best advice and options for your specific needs with a consideration for your future.

It is one thing to come up with financing ideas that work today, but a completely different consideration when you factor in future considerations and options to build wealth, security, and achieve your goals.