Every day the news is full of articles about banks that have been at it for long time getting in trouble with their mortgage portfolios.

For rental properties, the interest portion of the mortgage counts as an expense on a tax basis.

It's hard starting out with little capitol and experience, but I've got tons of passion and I'm gaining knowledge every day.

I learn somethng new everyday.

We still own rental property close to Chico so we will be visiting California on a frequent basis.

slimmatic,With excellent credit, you should be getting those 0% credit card offers in the mail every day.

In addition, now, we have the federal consumer protection agency with basically the authority to make determinations on a cases by case basis.

I am trying to obtain good forms, contracts, etc. to use on a daily basis.

As with anything, rents increase over time with inflation so I like the hedge.I can put down $90k on this deal and get a loan on the rest, rent it out and break even on a monthly basis based on today's rental market.

I should have said current loan balance vs. the original loan basis.