So my account says.After itemizing and realizing the loss in the business, I should have a tax credit of around 30kThe short term is = 10% * 17,850 + 15% * (50000-17,8500) = 6,900The long term is = 15% * 200,000 = 30000So after my tax credit I should owe the fed less than 10,000State will be 250,000 * 6.8% = 17000So my total hit will be around $25,000Did I do this correct?

The self development and wealth building books helped me realized that I am really passionate and interested in real estate.

After I realized that the house was not salvagable, I planned on tearing it down and building even a manufactured home to rent.

After reading your post, I realize it would be much easier to just add to the land rather the bldg.

I have realized the issues I mentioned above and that no matter what I say, I'm not changing personalities or the general nature of people and I certainly can't impose any understanding or knowledge to those following the path of least resistance as that requires effort.So, if someone feels that they are just some kind genius and call their duck a swan, more power to them.

I hope you realize that you're taking the risk of being taken to court by the landlord for pulling an unauthorized credit report?

It would take years to realize that gain if we stayed where we are.

Once you learn to Network and realize those 'competitors' can often be your best customers or point you to other resources, you really get a leg up on becoming a creative investor.Houston is a HUGE, spread out Metro area so there is no way I'm driving 2.5 hours or more with traffic to go see a house on the other side of town when I can partner with someone I know who works that area and let them do part of the work.  

Realize that to do that you need to start with a junky property and make it reasonable.

They may have realized using sales reps can increase sales of training and implementation managers.