If you want to know why I am selling the rental, it is because this is the last year I can sell without having to pay taxes on capital gain (lived there 2 years out of the last 5), and because the value of the property has almost doubled since I bought it.

I just bought a non-performing 2nd note on a home where the 1st note is current, but I just found out the house is under contract and listed for 189K.1st note balance is 196K.2nd note balance is 51K.Market Value is 232K, but it's listed at 189K.To me, the math just doesn't add up.

This relative actually bought the house in the owner's name just to get around the number of the mortgages.

I bought Duplexes for 10-15 and probably put 40K into each duplex.

People like Madoff did what he did because people trusted him with their money without knowing what it was being used for, where it was going, or what they bought with it.Sometimes I worry about some of these turnkey operations. 

A lot of multi family properties get bought with cash and for over asking price.

Once the new year hit, almost everything was being bought up.Imo, the quality of most of these homes on the market now don't hold a candle to the ones being sold 2 and 3 years ago.

When you friend bought, the market was in a very different place.

It was hard enough to get a loan for the home I just bought in Denver so I would love to hear from other self-employed people here about their experience in RE investing! 

When I got divorced last year that is what I did with the property we had previously owned jointly and I bought him out.