It all makes great sense.My question is this--how did billionaires who made their fortunes in real estate (like Sam Zell, just to pick a name) make so much money solely through real estate?  

Incidentally, it paid for itself in three years as I was fortunate to rent the two-car space to just one tenant.

Fortunately, utilization is only measured currently, so there is no "memory" of past utilization.  

I actually promised to cover her capital gains, so the market drop was most fortunate for me.Then if your mom kept the property to her death, then willed it to you, it's capital gains tax free to you.

I'm fortunate enough to know enough to get this done, and have some really great resources I can pull from locally, and the math works in my favor.  

I no longer invest in CA because the state is not very friendly to business, with taxes, fees and regulations.Nolo Press NOLO Press webpage has helpful guides to open an LLC, or, more importantly, help you understand the landlord rights and responsibilities for rental properties.Good fortune to you!

Fortunately, I did those things and the tenant got current on the rent.

Fortunate for me my CPA is great and keeps my books in order and me on track and in compliance.A good team is essential to your success, 

Honestly I wish you nothing but good luck and fortune.   

Fortunately I noticed this before mailing to all of them, or I would have had some very bad response rates.