Personally, I doubt it will have its intended effect.

Mind you, this was not based on credit score or past performance, but effected everyone.

However, since the lease isn't effective until a month from now, you wouldn't get the keys until the move-in date shown on the lease.Mike

Since then the property has been vacant as I attempt to find qualified next tenants.For tax purposes for 2008, I am assuming the vacant days will only effect the income side of the tax equation and the remainder (depreciation, other expenses) will be allowed as previous years even though the property was vacant for 7 months of the year.

Nc Mark,I have a friend that does data analysis for the prison system here in California.Recidivism rate is 80-90 % depending on who you ask.70k per inmate PLUS medical costs, (this information is a few years old) in a system where hepatitis.AIDS and TB are rampant.90 some percent of people in prison in California at least, are there for drug related crimes with the attendant drain on court systems, social services etc. tTe cost is staggering and has absolutely no effect on the use of drugs.The largest cash crop in California is green and smells like skunks but it is completely untaxed.

You can be a very effective wholesaler if you just want to work in your spare time around your work schedule, but it will take a larger time committment than just driving around and finding prospective houses.

If I buy a residential property in Canada to rent it out by using a mortage loan is there a tax deduction on the interest of the loan.On the other hand, if I buy my first residential property to live in then how is this taxations and tax deduction effect on the mortage loan.

I think most investors are conservative and place less weight on tax effects, but to completely ignore them would not provide the most clear picture about an investment decision.

So far, it seems the TARP funds are being used to clean up banks balance sheets and to buy other banks, and the feds are getting a bunch of marginal or bad debt.

Light bulbs you purchased for the rental unit and any cleaning supplies you purchased specifically to clean the rental unit are examples of a Schedule E "Suppllies" expense.