Replacing a roof is a captial expenditure subject to depreciation.

Unlike passive rental income, the income from an active trade or business is subject to self employment tax (a nasty 15% tax commonly referred to a "social security and medicare" by working folks).

Must be comfortable with quick cash closings, assignment of contract, double-closing, subject-to and other creative investor strategies.  

True/falseSeller who sells house via subject to will have a hard(er) time getting into a new property.

Keep it simple is a good guideline.2) My contracts have earnest money credited to contract price.3) Best to spend the money for an hour with a real estate attorney.4) Subject-to or Pay it off at closing.

When buying new properties try to stay in the areas of growth and choose growing population and diverse economies.  

Hey BP, I have been reading through some of the forums and I see some mixed opinions on this subject, Here's the question: If you don't have enough money for a down payment and your credit isn't the best and you deiced to bring in a partner 50/50 partner who has the money for a down payment giving you guys skin in the game. 

I should find out if it's paid off and perhaps do seller financing or subject to.

Hey BP, I have been reading through some of the forums and I see some mixed opinions on this subject, Here's the question: If you are trying to get a loan from a Hard Money Lender and you don't have enough money for a down payment and your credit isn't the best and you deiced to bring in a partner 50/50 partner who has the money for a down payment giving you guys skin in the game.

I then look for 1 story if that is my subject property, similar square footage, garage (1 or 2) and the above info.