Either a short sale or a foreclose may result in taxes on the "phantom income" produced by the forgiven debt.

Rinse, lather, repeat.Of course, we all know that a $2,000/mo rental does NOT always produce $20,000 in NOI, but it doesn't matter, so long as the hedge funds can get their REITs and pension funds to analyze the data in the same incorrect way.

I forgot to mention, I bought in Nov this year and it is in the process on renovation after which I plan to rent it out.

Seems like another good way to diversify and produce additional income.

Buy your properties over the course of a year or two - make sure they are actually producing as planned before jumping into the next deal.

I do have two rental properties that will produce about 380 dollars in equity per month.

Never understood why the producers of these shows think people want to watch screaming and yelling?

The raw land had never been developed, so it never even produced income, but I believe that would be acceptable as the relinquished property in a 1031 exchange.

With that in mind finding that property does take awhile and requires some innovative strategies.

Between rents and selling properties at a premium would be two catalysts for these future REITs being able to produce pretty good dividends?