Also, you can use this time of year to your advantage.

You took advantage of the tax laws that you can only use once, then educated your children so they know how to do the same.

It's hard to go wrong with the input/advice/analysis of thousands of successful investors; take advantage of this resource!

If one owner decides to reduce rates to lower vacancy, it can become a race to the bottom to stay competitive.

Just search Rochester NY.Podcast 45 w/ Tom Sylvester is about investing in Rochester.http://www.biggerpockets.com/renewsblog/2013/11/21/bp-045-tom-sylvester-rural-unfair-advantage/I've found all of the BP members to be very helpful.

@Sandy Franklin Many times the percentage that vacation rental property managers charge depends on their market and competition.

Following this post, it seems like there are several advantages to aggressively paying down one's principal residence if they're in the position to do so for the ability to have rapid financing options to make cash offers as a proverbial ace up the sleeve if other financing situations will not get the job done.Has anyone had practical experience in how this plays out?

To our advantage it was a floating rate & we paid very little of the high Int%.

In my area about 50% of them have been transferred, but they are still in my probate list so there most likely wouldn't be any advantage for me to get that list.

RE has some risk that a diversified stock portfolio does not have, but it also has much greater opportunities for leverage, it provides the opportunity to earn the PM fees by self-managing, it has the tax advantages.