Market rent was 1,400 to a regular person and he'd get 2,000 - 2,200 rent this way.

In all that time, I saw perhaps 1-2 things that worked well, but you have to be able to withstand many months in a row of reversal, and be well capitalized.The occasional reference I see in here to people consider forex, futures, stock or other trading to get wealth is about as wise as a person showing up on a trading forum discussing how to get rich in real estate.

That is a concern, it could have been much worse if this occurred when everyone was home and asleep.Reported claim to Farmer Ins. this morning.contacted company referred by my broker and they will go out and further secure property.Trying to find temporary housing for my tenant. need to contact section 8 to find out how to proceed with them.could be many weeks to get Property back to rent able condition.

I think the OG poster must be refering to a home with lots of wood siding which was popular in the 60's-80's.

The length of period of regular returns and the lack of draw down you describe is very rare.

Investing 1300 miles from home on your first property has some risk, though I admire your willingness to plunge in, as well as to throw your post out here.Make sure you find a good prop mgr who can give you lots of references, and check them all out.

However, this is why you must keep up regular inspections of your properties.

He came back regularly to speak and was funny as hell.

Hiroko Yoshi,Yes, any regular entity or non-profit entity should be formed before any purchase is made to keep a clear record of where the property is recorded to.Bill Gulley.You are right it certainly is a grey area.

However, high wage earners that can't take passive losses against their regular income can save those unused losses to use against depreciation recapture and capital gains to greatly reduce or eliminate taxes AND step up their basis by avoiding 1031 exchange.