Meaning when I go buy a car I don't look at the paint job.A paint job is just small money and some gloss on the tires.I focus on the expensive items like the bones of the vehicle.So with a house I know which items are cheap to fix and which items are expensive and I also know if the repair they are claiming was made when trying to sell to me is correct or it was done improperly and will fail soon and will need to be redone completely.You can try to find another manager but if you have a little house where the manager only make 60 bucks a month etc. there is not much money to be had for the grief involved.I just hope you didn't overpay for this property and expect to try to unrealistically cut repairs to now maintain a profit margin.That won't work and will eventually hurt you upon resale of the property with deferred maintenance.A number one mistake I see is over paying and then grasping at anything to cut costs.

You're absolutely correct.

Matt, You are correct, you can only have 1 FHA loan at a time, but I would not be so quick to dump your FHA and go conventional.

I *think* that you can apply your losses towards future earnings as tax deductions... so you might be OK if you consider the $80K loss as a way to reduce your tax obligations over the next 5-10 years.You should research what you can do with that loss and/or speak with a CPA for the correct answer... but I think it is possible, I know someone still doing it with stock market losses incurred during the crash of 2000.

If I remember correctly your usage is deducted from the deposit, which is returned after you have the power cut off.

Thanks JonSo if I am in a twenty percent bracket then I am taxed at that rate correct?

Yesterday I was reviewing for an upcoming closing and found that the commision wasn't figured correctly and was too low.

And you're obviously selling to lots of mom and pop retail investors who know squat about appropriate vacancy rates and capex assumptions.JScott is correct.

If you're not getting counter-offers, your bids are likely too low (assuming you're contracts are being submitted correctly, of course).Can you give a couple examples of offers you've made -- list price, offer price, contingencies, etc?

Also, you can roll your employer 401k into a solo 401k upon leaving your employer, or can roll it to a more conventional SDIRA, is that correcT, or did I misinterpret.