Both housing and stocks are well below their peaks, with no signs of recovering to those previous highs.My feeling is that stocks will less affected than housing.

:woohoo: Keep learning and earning!

The real education and experience is earned on the job.After the first deal, it gets easier and easier.

Anything to put money in my pocket or atleast to earn a free trip.

So I invest in a property for 6 years, pay my mortgage and expenses, roll into a rental for a 1031 5 yr. hold, rent it for a few years and have to reside in it for five years to earn the exemption?

You can earn 10% and give them more than their 10% back.

The day of the auction I had to pay the lien amount and a "high bid premium" This is an extra amount based on your bid that does not earn interest.

If you want to sell, and DON'T NEED or want the money right now, you're only option is to conduct a 1031 exchange.Doing a 1031 assumes that you can find "like kind" investments (does not have to be rental property) that will earn like the AL house does.

Move out and let someone else pay a premium to live there during the peak season.

If they are really good they will earn more than they cost as they will help you do better deals.