For P&L, I'm thinking I would show the full amount coming out of the profit.I want to attempt to account for my personal money (401k loan + credit card debt) that I've lent to "the business" (currently still in my personal name, but we have intents on eventually transferring it to an LLC, once we get over the fears related to a quit claim deed) as a liability as well. 

But I don't want to not get into the market based on fear of something that is uncertain.

I think it will be more prevalent in the future and we are just at the beginning of a gold rush, lots of opportunity, but scary also. 

Not sure if theft/crime is more prevalent in Dallas Ft.

Trying to overcome my fears. 

If you are reading this post, have yet to do a deal and are being held back by fear or uncertainty this post is for you. 

Aside from my fear about this plan driving up rates, I think for me, as a buy and hold investor, this is probably a positive tax bill in the end but just by a little.

My biggest fear is to be a walking infomercial complete with eye-roll. 

However keep in mind there is no shortage of inventory .. so don't get sucked into thinking you have to buy today other wise the deal won't be there.. there are always homes to buy that's why these companies have been around for a decade or longer.The morris tactic's frankly are just trashy the way they do things.. at least from what I have read on BP that's my personal opinion.. you have people posting that Morris showed them a house the call back 2 hours later only to have morris say its sold... this prompted them to buy the next one sight unseen for fear of losing it.. this is old school sales techiniques called the take away close. same with the scheduling phone calls so far out.. gives you this sense of scarcity.. pretty brilliant really.. these are not dumb marketers by any stretch and obviously its worked.

I no longer want to post here anymore because i fear my posts will be deleted because they do not please our overlords.