About a four bagger in something more than 13 years.Out of curiousity, what have been YOUR EXPENSES on the other houses.Yes, pro formas can be doctored, Form 1040 and 540 cannot be without some pretty dire consequences.

Saying you want to be in Real Estate Investing is like saying you want to be a Doctor.

I am a graduate student working on my PhD in Raleigh.My research is developing alternative fuels for energy.I have ~2 years left before I become a doctor (cross fingers here)I am currently not involved in real estate, but would really like to become involved.

That way if there is a problem in one 'pot' the mess does not contaminate the assets in the other 'pot'.If you were a doctor it might be wise to have the family home owned by your wife if she is less likely to be sued.

Wait until you hear your tenant say "My daughter's a doctor and she made me start bat shots because of possible exposure to the bats" .

Account Closed ,Do you visit a doctor for their opinion or do you self diagnose?

They probably had to go to the doctor or hospital whether they could afford to pay or not.

The attorney practices law, the doctor practices medicine, I'd rather have either that didn't need to practice anymore, especially on me!

If your were a wealthy doctor whose money was making 1.5% and you could hook up with someone who could find the property, put the whole deal together and manage the partnership, get the rehab itself done at a big discount, and get it sold to where you make a very pretty profit...that's a pretty attractive offer.But again, this person really has to know what they are doing.

If you aren't a doctor's kid and know 40 doctors, that market isn't for you, begin where you are comfortable.