I'm still trying to find out how to delete an unneeded file in microsoftmac Word.

mwarden,In other words, I won't pay more than 70% of the market value (less repairs) for a property, thereby giving me 30% equity at closing.ctrentalguy,You missed a BUNCH of expenses, such as advertising, management, entity maintenance, legal fees, office supplies, utilities paid by owner (even if tenants pay utilities), evictions, court costs, damage done by tenants (beyond the security deposit), lawsuits, capital expenses, etc, etc, etc.Mike

In fact, in his book, he suggests (and I agree) that one is most vulnerable with few properties, because cash flow from other properties cannot serve to soften the blow of large expenses on one property (again, going back to the idea of an average cost).So, in other words, in infinite time (or over infinite properties) he is estimating operating expenses will cost around 50% of gross rents.

That was instructions from the lender.I think we need to be careful about using the word fraud every time a Buyer gets cash back.

In other words, how do i make this person my "nominee," and still come out with my 3K?

What I was trying to get across when I said the word illegal was that by purchasing so many properties in an area sometimes it can be considered creating a monopoly because of the fact that you can now price whatever it is you want for a property in that area.

Remember the words of Ronald Reagan, “Trust but verify”. 8)

In other words, it was derived from data rather than deterministic logic.

In other words, there is a limit to how much you can use to shield taxes.I currently have a home in Boston.

When I hear the words "slam dunk" I become very skeptical.