Throw in the rent income and it's a whole 'nuther game.

Great information on taxes Scott, just pointing out the complexity alone is worth noting, especially considering how much it can throw your cashflow off.

I saw a guy that did this to catch some jerk who was throwing food on his truck and they used the video in small claims court to sue the idiot who was doing it.

I buy rental property in Indiana because I can throw a dart at my realtor's MLS reports and hit something that will cash flow 9 times out of 10.

Why does every politician think that the solution to every problem is throw more money at it?

I even receive some no and then, and if others are like me, and I know a lot are, they either toss them aside to "maybe" read later or throw them for recycling.

I figure if i can get a 2br with individual leases I should have enough cashflow per month to cover mortgage (should be pretty low, i'm gonna throw a lot of cash down), condo fees, and set some aside for clean-up when they leave.

:D Jawsette, my point is that you started throwing the "illegal" word around when what you were referencing is perfectly legal and is done every day in every market across the country.

Over the years I can't count the number of deals that I put together from my rejects.My father in law was a long time life insurance salesman and one day he opened up a desk drawer and it was filled with letter size paper with handwritten notes regarding suspects/prospects that he had run into, he would check with the top sheet when he had down time and if nothing new put it on the bottom of the pile with any new notes.His sales manager said to throw them out and forget them but his list of clients had a star next to some names and he told me they were former dead leads or referrals from former dead leads and I saw a lot of stars.

But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government.