It is getting very difficult in this climate to do low to no money down deals.

Some of these bills are monthly, others are quarterly; but, it can go quite a while longer before you, as the owner, know there has been a delinquency of payments when the bills are sent directly to the tenant and it is their legal duty, as per the lease, to pay.We have already discussed throughout Bigger Pockets how difficult it is to get blood (money) from the stone that is a deadbeat tenant, even with a judicial judgment against them.

My unofficial answer is yes you will be liable for cap gains.

. / median household income / median house price for this community, not the entire city.It is much more difficult to "flip" the house in today's market due to the lending crunch so buyers are fewer and further between.If you can get enough rent to positively cash flow the home, rent it for at least a year.

Some individuals are having a difficult time.During the real estate boom there were still people not doing so well.This is because they made bad decisions and are suffering the consequences of living too high on the hog during the boom.This is the kind of economy that will create many millionaires, take advantage of this time because there is plenty of money to go around.This is just a natural thing in the economy.It is called a correction in the stock market.If you believe the doom and gloom of the media your doomed anyway.Our economy is the strongest in the world period.The question I have Is there food on your table a roof over your heads and cloths on your back.Hmmmm I guess your not so bad off.You just have to give up a couple of luxuries.Maybe you can;t afford that new model of 10,000 inch plasma screen TV oh well.If you have the neccesities and your family there is nothing to complain about.My wife is filipina and i have been to the philippines.

:D Here in Australia, it's true that it's been historically difficult to get realtors to present an owner-financed deal to the vendors in such a way that it's likely to be accepted.

Don't forget that the cap expenses he has allowed for in his 50% rule cash flow projections, do not occur each year and thus the cash flow was higher each year resulting in passive income tax.

But the things you'll spend that on are real expenses.Its difficult to itemize the expenses.

These types of situations though very difficult do pop up occasionally.

I was just trading board messages with another member regarding how difficult it's been to find a residential/non commercial cash recapture loan, at normal interest rates, without waiting 6-12 months.