The result the speaker had had interpreted from the data was that we are in line for another recession, but this recession would have a minimal impact on housing prices themselves.

That is a bit tricky, because we sometimes have only 24 hours for paint and minor repairs, but it can be done.Of course it helps if your property shows well, is marketed and presented professionally and your rents are in line with the other 3 places your candidates are viewing that weekend.

Not exactly the same, but a similar line. 

If you report as a Schedule C, it won't hurt you, if you are a corp it will hurt you because it gets deducted before you get to your bottom line which goes to you via a K-1.To quickly address the 401k component, if you're reporting as a corp, the employer portion of the contribution will hurt you and the employee portion will not hurt you since it is on your paycheck stub.Not sure exactly how it would work if you have a 401k AND you report on a Schedule C.Of course, I would talk to your CPA about this further.

For example, there has been a plan in place for years now to incorporate a high-speed rail line that extends from Glassboro (South Jersey) to Gloucester City/Camden area and this would give a more direct line to connect with Philadelphia.

sounds like you have dealt with all the sharks.. if it takes a really long time to evict someone in that state your best bet maybe to let it go to foreclosure and if it bids up which it could if your buyers are already offering you whats owed. they would not do that if there was not equity above whats owed. your mom would get the overage as long as there is not junior debt.also since her credit is trashed and if you can handle her housing.. she can just stay as long as possible until she gets evicted and then just walk out the door..

Marvin There are so many things to consider, the way I will go about it will be by acquiring a debt weapon, home equity line of credit maybe for 20,000 and use that to pay down your principal there are some good youtube videos that will explain how to pay down your mortgage faster and save thousands of dollars in interest, but you need to have at least $500 of cash flow each month for that to work or use that to pay of a car payment faster anything that will increase your debt to income ratio so you can start saving more money each month cut down your monthly bills pay off all credit cards anyway you can i will try to get out of any car payments sell the cars buy a use one before selling the house, rent a room is a big house. obviously like i said lots of things to think about do you have kids so maybe a roommate wont work and your finances with out looking at them is hard to plan but I will try to make that house the investment get created if you have good credit that’s exactly how i started i hustle pay down my principal using the HELOC technique and when my equity become more because of lowering the principal I call my lender and increase my HELOC amount to the point that i was able to buy a house cash using the HELOC my HELOC became my checking account and i was paycheck parking all my income in the heloc is hard to explain what i did in a text but i hope this help you in getting created and into looking at more information before you sell or selling is the best way to go about it.

There are no water lines or electricity on it currently, nor pond on it or fence around it.

This doesn't take much time at all and allows clients to write off the basis in their property quicker.There was a change under the "Trump plan" that affects your ability to complete a 1031 exchange (like-kind exchange) after completing a cost seg so if that is part of  your strategy it would be something to consider as well.There isn't a hard set line on when it makes sense to complete a study but with the information posted I don't think it would make a lot of sense on this property. 

Unless there is something on the line for me, I am not going to be willing to invest my energy to learning about it.