When were you last there?

Background: Last week Arbor Realty Trust foreclosed on four apartment buildings in Houston.

To use as a 3 family, there would have  had to be a use permit issued and a rental license active within the last 3 years.

A quick phone call to let them know that I want to talk with them about the mortgage.

My best deal was an 81% cash on cash return that does not include the appreciation of an additional $60-80k in the last 2 years or the cost seg that got me a $90k tax write off.

car broke down the last time I heard that one was in the Morris invest debacle @James Wise has chronicled. 

I hired a project manager who was checking on his work once a week.I decided to fire him last sunday after sending someone to check on the floor which was in terrible shape.

I bought a house as a rental property last year and taxes on this income is all new to me.

I've read that this statute allows taxpayers to to ignore any "nonqualifying" use of a property that occurs after the last date the property was used as a primary residence. 

I prescreen over the phone before we meet and you get to see the home so I weed out a lot of people before we even meet but there have been a few families I really liked and was routing for that did not work out.