Now, you mentioned laughable, to me it is laughable for you to look for a multi family with that low of an income, i mean 50k or 60k/year is almost nothing in CA and you want to start with a multi which needs moredeposit, more management, and more strict underwriting.

This option seems risky to me and $30k of lent cash doesn't get one very far in the CO Springs market...2) SELL ...

Hey guys, who knows a handyman or a tile guy in Northeast Minneapolis (or at least someone willing to travel to Northeast Minneapolis) that they wouldn't mind referring to me to do some work in my bathroom?

It's interesting to me to see @Joseph Cornwell and @Slocomb Reed avoiding Cincinnati Public by as a blanket statement.

Once it's done, it's done.This is probably obvious to people in the tax world but it seems to me that taking a deduction in the tax year is a lot more favorable than depreciating it, from not having to pay a recapture tax standpoint.

Hello all, I am making my first home purchase (a bit of a fixer upper) and would like to include a clause in the escrow agreement that allows me to back out (while recovering my earnest money) if the inspection finds any major (as in, cuts the projected home value in half and makes the deal non-viable to me) problems. 

@Michael Seeker - Your logic makes a lot of sense to me.

If anyone can help explain this to me I’d love to hear more.

Sometimes, older investors don't take younger investors seriously (it's happened to me).

The banks ive been to all tell me that "the co-borrower must occupy the house" which doesnt make a whole lot of since to me.