I am not sure what associated fees they are charging these days but I do know they offer decent terms.If the property is in Baltimore or anywhere in DC, MD or VA I can certainly offer up other referrals if Dominion doesn't work out.  

So bottom line is that TICs have, for the most part, no debt associated with them so it is typically not a good solution if you have a mortgage to come along with you on the exchange but of course if you can find a lender to fund the debt by collateralizing an alternative investment, then you are good to go. 

It's one of the different types that have different rules associated?

If Mike doesn't report any net income, like many of us, it is because the depreciation and expenses associated with his portfolio reported a paper loss which offsets any income for tax purposes only.

Beating up the competition is hardly a "book review".There are plenty of other places you can find the "hard truths" of real estate investing sans vitriol - such as Barron's Keys to Real Estate Investing, a real estate sales associate course, The Unofficial Guide to Real Estate Investing, and numerous other books and websites.My momma taught me that you can be right, and still be wrong.

Mike, you may wish to look at the member directory of the International Virtual Assistants Association (http://www.ivaa.org/search/) where you can search on specific countries, states and VA specialties through a drop down list.

@Ben Nahir,Search for “Party Wall” on the Internet for information of the wall between townhomes.If there is not a property owners association for the townhome building as a whole, I would not recommend investing in the townhome.

In general (there may be some exceptions), expenses can be deducted in the year in which they occured; COGS can't be deducted until revenue is recognized.In my business (rehabbing), any expenses associated with properties held in inventory (purchase costs, rehab costs, holding costs, marketing costs, etc) are COGS; pretty much everything else is expense.

I agree with @Dion DePaoli,Review the documents and match the legal description to the one on the loan documents and with the title policy.This is a great idea to do at every closing before you sign the documents or when ever there are new documents for real estate that are being recorded.When I was associated with a mortgage brokerage firm, surveys were very common every time there was any type of new loan.

If anything is left (big if), it would go to pay your second off plus all associated expenses.