Negativity can consume the soul if we let it.So while my advice might not be technical, it is practical.

Not to mention, they are dealing with the fallout of falling prices combined with local (and state and national) governments assumptions prices would rise forever.

The reality is you won't live in it forever and your proforma is supposed to reflect the performance of the property across it's lifetime.

well, imagine that for pot. trust big companies would come up with some phenomenal product. it would blow away the crap that gets smuggled in from mexico and canada, and the stuff that a bunch of idiots with no real qualifications or knowledge of botany are churning out of their grow houses.check this out for example:http://www.nydailynews.com/news/ny_crime/2009/03/27/2009-03-27_firefighter_sanitation_worker_arraigned_.htmldo you really think either of those idiot firefighters should be generating a product that people are going to essentially consume?

If you are going to be working with investors fronting up $500K, partnering with a rehabber, and starting a property management company, then you will want to consume yourself with the education process.

Humans have been at war over control, power, and money since the beginning of time, and the only thing that has changed over the years is the methods that are used.While I follow all of this stuff, I do not let it consume me.

It seems like forever ago that I posted this and have bought and sold several homes since then.

You might also try your local title company...free searches would include trust deeds which will show junior liens..but judgments and mechanics liens will only be found via a more detailed and time consuming title report...which is usually pulled once a transaction is opened.

Very time consuming to do though.

In between, it phases out, $1 gets phased out for ever $2 of AGI over $100K.Its possible to take MORE passive losses than the $25K special allowance if one of you is a "real estate professional".