Thanks everyone, guess I’m overly excited on this deal and just wanna press all the buttons.

I am scared because a TV Guru said I can’t get rich really quick but I discover on Bigger Pockets there is no such thing, it is get rich slow.

My worry is that if people start pressing the IRS about allowing the 20% deduction because they view themselves as a "trade or business", the IRS just might decide that we need to pay self-employment taxes if that's how we want to be defined. 

Stupid question (kind of like asking if the TV is plugged in when someone says that it won't turn on)... have you submitted your information ot make sure you get emailed?

I'd guess that with either job you'll be hard pressed to have the time to actively invest in real estate on the side unless you're able to find properties that are basically hands-off, or you drink a heart-pounding amount of coffee.

There are some small improvements to be made in the quality of amenities (coffee makers, some TV´s need to be replaced, fresh paint, new linens and some light fixtures and some improvements in the bathrooms) but we have worked this out to roughly $2.8k per door. 

If the building is shifting due to snow load, the cracks may tighten up a little once the load is gone - don't worry, they will not go away ;-)  If you patch over them, they will return when the load returns.Does any of the plaster move in towards the wall/ceiling when you press on it?  

*I am not a CPA (anymore), nor do I play one on TV*Unfortunately, I've only been in the great state of Texas once, so not much help in comparing the 2 for you.

Why does it take the SEC over two years to press charges? 

This is just another story of many about getting ripped off by dishonest investors.It happens to all of us and the most important thing is that you get over it and keep pressing forward.