If you are a "buy and hold" investor, an S-election would probably be a horrible idea.

The deal for the guy in California will be completely different from us that are in the midwest.I used to watch Flip This House, and it amazed me when they showed the flippers in California, they would buy a 3 bed 1 bath 900 sq ft house in horrible condition for $250,000 and then sell it fixed up for $400,000!

I do, so I hope the tenants are ready for my more meticulous system.On top of all of that, I will occupy whichever unit is available first, so if I evict I'll be moving in.On another note, the current leases are horrible, so I'm going to ask each unit to agree to a new lease.

I have applied for jobs all over the place trying to come up with & save $$... but our unemployment rate is HORRIBLE!

Of the last 3 buildings 2 are owned by a bank that foreclosed two of them and they are in horrible shape, need just about everything.

Besides the horror stories of horrible tenants which you have to expect I just don't see how this is a bad idea.

How horrible is his/her credit that they are paying such a large chunk of their profits?

Why you gotta hate on my crappy team :/If we don't get ultimately end up getting him, we'll probably keep making horrible decisions and one of two things will happen. 1.

It is horrible what we went through, but I really do hope that our members see the real value of this place and take up any or all of the 6 items I suggested above.Jeff Sielicky - I was very close to spending many thousands of dollars on one of those data recovery places . . .

+ much higher fees at retirement and not have full access to the funds for 20+ years.I am a horrible day trader.