I became active in public hosuing and section 8 by the mayor appointing me as commissioner of a large public housing agency, having to manage the folks who manage the programs and owned housing units.

I know this subject has been discussed numerous times in various threads on BP, but I'm going to bring it up again.I am looking for feedback from anyone that has gone from investing and managing their own properties as an after-work activity to doing it full time.

As a active foreign buyer I can't stress that enough.

I would think that if you held it for a few months before renting it for a weekend, you'd be OK, it really would not be an investment property purchased with the intent of making a profit but you're limiting expenses of your second home.

Thanks Josh....You can call them and stop further activities.

Stay active on the site, the more you will get out of it.

There's a post that will pick up activity as it gets closer.

That's 3.5%Place should be bringing in 1,200 a month (I've got a management company I'm already working with and showing the place to this weekend)I've been postponing adding this on here until I knew we were getting accepted, but the seller just talked to the loan officer on our side to make sure everything is approved.

I think you may bet getting some higher values because of the oil related activity.

As such you should be reporting all of the activity on your schedule E.