Tampa Bay rules!

I was wondering how you got past the 50% generation skipping tax and the vest within a life in being and 21 years rule against perpetuites?

If you do not pay utility and water then go 50% costs so the caps and prices would be slightly higher.At 250,000 you were right at the 1% rule for rents versus purchase price which is not great.At this point you say you are bleeding almost 6,000 a year just to satisfy the note.

All the concepts, rules, guides, experiences, etc, that I learned from my studies were now in-play in a real world scenario.

Seems a waste of time since I'm doing the work, but if it's the rules, it's the rules.

After you have 4 mortgages, it's almost impossible to cash-out refi an investment property with conventional loans unless you're using delayed financing rules on new purchases.

We specifically need help deciphering the rules behind self-directed IRAs and borrowing from a 401k.Thanks for the help.Michelle

- The freedom to depart from the facts of a matter or from the conventional rules of language when speaking or writing in order to create an effect.It was the number 1 book recommended on BP podcasts:http://www.biggerpockets.com/forums/311/topics/114495-every-book-ever-recommended-on-bp-and-times-recommended

There are specific rules covering this.I have been allowed to write off deductible amounts higher than that as an expense and passed an IRS audit but off the top of my head I can cite the rule.

While the properties may not fit the 2% or 3% rule, they still cash flow very well.