Available credit is definately dried up these days, so we must get even more creative with our methods and strategies.

The quality is mixed, and some of the advice is out of date.

I just bought a house I am going to rent out and it has a high quality, but nicely stained PINK carpet.

Some people argue that we're too strict in how we police the site, I think it ensures the quality of the site.I owe it to all of our members who participate . . . this truly is a wonderful community!

Suppose the seller will gives you $10,000 at settlement and includes all the furniture and the cars in the garage and gives you a 6 month grace period on the owner financed mortgage, how do you calculator s CAP rate.I love CAP rates, but I love the other method of calculating my investment return, it's call the "Gut Feeling", do I feel good, am I making money, OK, I'll go for it!

Better quality "tenants" I understand that a high number of these buyers walk away from the deal.

This method I described allows you to do that.

We wanted to give a single mom a break and look past her credit and aparently common decency was not one of her strong qualities.

Gain the skills you need and be methodical in your approach.Good luck.

I agree Dave, you are absolutely right, and you've brought up some very important points - ie. land does not depreciate, short-life assets can be replaced and depreciated too, and all methods will yield the same cumulative deduction if the property is held that long - most of these complexities were edited out of the article to make it a more simple read for viewers.