So, be careful about putting down more EM than necessary, and be prepared to play by the bank's rules, even when it's not particularly fair.

If you aren’t prepared, your best bet may be to file for an extension.

For those that own rental property, do you use an accountant or a computer program like Turbo Tax to do your taxes?

What do you guys think of this program?

Starting out is always a bit nerve-wracking, but if you educate yourself and prepare, you'll be fine.

I even bought Carlton Sheets program way back when it was on cassette tapes.

Yes that are many advantages of being a first time home buyer for instance if you stop by and check out www.hud.gov/ you will find all kinds of programs avaliable to you.

i think you need to explore the idea of your client building his corporate depth. as an individual he can only do so much. he might have to go to a hedge fund that works with a top ten bank and uses thier funds to set up a wide variety of programs that they as a fund service.

An upside to your fears about extra wear and tear, the whole subsidized housing program is such a great deal I would "think" tenants would be cautious not to ruin the place and risk the chance of getting banned from Section 8.I plan to get started in RE, buy, fix, rent.

Just want to be prepared for any pitfalls or unforseen gray areas.