When I was doing direct loans, I would have the title company cut three checks for $10K each.

The shut-off valve is used to allow for emergency repairs at the house, and it is also used to cut off water to deadbeats who refuse to pay.

Honestly though, after having researched the opportunity out there more, you can do better than the 1%.Real positive cashflow really isn't that hard to find if you simply go to where it is.

There is no clear-cut rule on the amount of time you must hold, it would be so much easier if there was but that’s the IRS for you. 8)

It seems that owning rental units is pretty cut and dry.

:shoot: This building is out of state and I do have a management company that runs it, but I haven't been able to reach anyone to get the full details . . .Talk about a powerless feeling.I guess I need to wait to hear more, but I'm simply stewing here!!!

When a tenant stained it, with professional cleaning, the stain would generally blend in and if not, it was easy to cut out a piece and patch back in with some original leftover scraps.

If you are a flipper or rehabber, at what point do you decide well maybe this property is better suited for flip, rental, or simply abandon ship!

You either buy a Monument Historique (like a church, museum or simply a house that has something historical), you get tax benefit (in fact you can deduct 100% of the rehab work done towards your revenue and then calculate the amount of taxes you will pay.

Houses simply are not moving and those that do sell, sit on the market a LONG time.I started out in the rental business and only do rentals.