Would section 8 have a problem with renting a 3d apt that's not technically "legal" but has a separate electrical meter?

He hit the nail right on the head.

I always consult my CPA BEFORE I do a refi, cash out, sale...so he can advise me on tax hits.

Either the train is going to hit you or you are going to get out of the way, just in the nick of time.If you are a wholesaler and I am a wholesaler, which by the way I am a buy and holder first.

Of course, I won't know about the electrical and heat until i get the inspection.

It is past time to replace my electrical outlets (1967 condo).

He was a risk analysis type with Wall Street before he came up with the theory that the unknown will always be the downfall of such projections.His stock investment strategy was exactly what you stated Jeff in you post, 80% safe (so you can't lose it)and the rest in highly speculative things because if even one of them hits you are rich beyond your dreams.Each crisis including the one we're in was caused by events that were "large- impact, hard-to-predict, and rare events beyond the realm of normal experience".

I don't believe real estate has hit bottom in hardly any places in California.

On that house were I invested $15K, I did a lot of the grunt work (painting, sheetrock, framing) myself, but contracted the furnace, plumbing, electrical, and carpet.

Our median housing price took a 34% hit '07-'08 and I wouldnt doubt that we loose anothe 20%+ this year.