Now you have a total of2 open savings account, 1 credit card reporting as unsecured, and 3 CDsLegally and Technically, I cant quote how many points this will give you, but those people that I have that have tried this method gain a minimum of 100 points in 90 days on the scores, that's if your paying all of your other bills on time and nothing else negative pops up.

It is important for an investor to do their own due diligence whenever they purchase a property, I cannot stress this enough.I hope I can be a valuable resource to this forum, as well as learning along the way.Thank you,Shaun

John, thanks for your valuable information.

I am assuming that you want to defer 100% of your depreciation recapture and capital gain income tax liabilities.

If you like remodeling then a remodeling project would be top of the list.As you gain experience you can expand out from your center.

I am currently a college student and am using my time in college to gain experience before investing. my question is how practical/ beneficialit would be to work for a local property manager.

You are sharing facilities, you are competing with homeowners who are not investors, you are dealing with personalities that might distort what people pay.Just be happy that you are gaining extra income.

If I bought a good deal for the above stated purpose and realized I could dump it for a small/decent gain, then i would.

if you're looking to buy your first home - you might consider buying LOW, live in it, fix it up and then sell after 2 years, cap gains free up to 250k on any gain.

If you have too much income to take that loss right away, you need to carry it forward each year until you sell, and then you can take it.When you sell, your gain will be the sales price less selling costs less your basis.