If the P&i reflects reality, I suspect this property will lose more than the $86 projected by the 50% rule assuming it self managed and hiring out the maintenance and cap ex items.  

I want to go back and capture some learning concepts from experienced investors that replied to my original post.

Madison was the other big impetus -- he believed that government would corrupt religion.But, this nation wasn't created under a single religion, and while the religious right would be quick to say that our laws were based on moral values defined in the Bible, I'm pretty sure that every other religious group would agree that their religious morals are captured pretty neatly in our legal system as well (I don't know of too many religions that would advocate killing or stealing).I think it's safe to say that most historians would agree that our founding fathers had no intent to define this country as a "Christian nation."

you should check to make sure that any information older than 3 years that is unfavorable is deleted from your credit report (except certain items like bankruptcies)Applying too frequently for credit can also hurt your score

If your income (MAGI) exceeds $150K ($75K if single), you cannot deduct any of the losses from your income, any losses would have to be carried forward and captured when the property is sold.

You will have vacancies, the carpets will need to be cleaned, walls will need to be painted and different items will have to be repaired and replaced.

Active investors seek ways to 'beat the market,' while passive investors focus on the asset-allocation decision for their portfolios, and they simply use low-cost index funds to capture the full return of each asset class in which they invest.

*Temperature* aka hot "hot" these goods are would be my biggest concern.Also, it will cost you at least $200 in gas to go pick these items up.

Hi can you tell me where you go to get the following information? A short explanation on each would be appreciated. Thank you Travis

Expired listings/canceled listings.

Absentee owners,

30-60 day late on mortgag...

All the hardware for the doors and cabinets.A few more items but that's the basics.