There were times where I had to decrease the amount of mail I was sending so that I could actually live and get my bills paid.

Additionally, if your strategy is a value-add play, then you'll want to purchase the property at the right price based on current value and there should be some value that you can do to increase the value of the property (i.e. improve units, decrease water bill, etc.).

I want to minimize my risk as much as possible, does anyone who has been affected in 2008 remember how much your rental income decreased in relation to your property value?

However, if you sell a property you own in a land trust, you can simply sell the “beneficial interest” in the trust without making any transfer information available.Tax assessors often watch for properties to be sold so they can increase taxable values.

Either way, your profits from short-term flipping are always taxable.  

If you're up against max, you're limited to whatever next year's increase(or decrease, which is terrible) in max rents. 

Their percentage of the population is going to double while whites will decrease by a third over the next 30 years.  

Honestly look for the best returns you can even if it generates taxable income.

This alone has decreased my liability on hundreds of closings....liability I neither want nor need and that you won't either.

Then I set up a loan where the interest is taxable as interest income (regular wages or capital gains?)