Also, should I deduct them on the schedule E for the property with the mortgage or the one I will be renovating with the funds?

Some of them have made them into "historical status" throughout South Texas.Karen: We used to call G & E's signs "lollipops."

In 90+ e-mails, we discuss the terms of the contract, and he states he received the finalized contract, signed it and mailed it back (I was working in a different state at the time).

I've seen lots of crazy posts here from people supposedly selling bulk REOs where they think they can repost an e-mail and tack 3% onto the deal.

There are a ton of resources (forums, blogs, podcasts, e-books, etc) and each of them provides excellent mediums to learn more about real estate investing.

I;ll e-mail you and see if you want to go to one with me. :)Jenn

BP is full of resources (blogs, forums, e-books, podcasts, guides, etc) to help both new and experienced investors and there are a ton of successful investors right here on the forums willing to answer questions, so you have come to the right place to learn.

If you haven't found the blog, podcasts and e-books yet make sure you browse the site...BP offers a ton of resources.

I am waiting for Schedule E to check out the numbers!

They may supply some forms but will stay away from explaining how to set up a compliance management system because of liability.The attorneys will try to explain the laws and what they mean, and will take questions for clarification because they do have E and O that will cover them on that, and because, they will be very careful about what they say in a public gathering.