Experience, however, taught us through the years that if you have teenagers who total cars, even if not their fault (mostly), your umbrella insurance can be dropped rather quickly, and then you're basically paying higher individual property liability insurance rates until you can get it back. 

Totally personal decision...... time is $$.

Need help with adjusted cost basis of this home when converted to rental in 2017 for filing 2017 taxes.With original purchase and subsequent refinances(4 total) there are typical closing costs, such as points, title, recording and other lender fees.I've being doing taxes myself for my personal and other rental properties I own.Here are my questions:1) in addition to title, recording, what other escrow, title or loan related expenses from the original purchase in 2004 can be added to the cost basis adjustment?

Had a partner, who owned 2 duplexes and I just bought 1 from him for 140K (rents are total 1650/month), because I'd like to control the whole complex.Most are in their late 20's or early 30's.

A pyramid scheme relies on recruiting other people and paying early investors with money from later investors.

Private money can be cheaper (not always), but these rely on relationships and that takes time to build.  

I am a total newbie to real estate but my background as a CPA has provided me an advantage when it comes to tax planning and deal analysis.

“Never in history have there been more eyes on fewer homes than today.”The housing market has seen a 7 percent decrease in days on the market from last year to 63 days, and total listings decreased 8 percent year-over-year to 1.29 million.

Also with multifamily properties you rely on numbers and providing value, instead of market swings.I just started researching deals but if you have any questions I would be happy to help!

Lad purchasing is totally different.Conventional conforming loans dont apply to land.In my experience land requires a minimum of 25% down, a maximum of 20 year terms and rates will run half a point higher.