Otherwise, you can rent to whomever you like as long as you don't discriminate, you collect fair market rents, and you report everything.Yes, you continue to report all the expenses as a vacant rental property through 2008.

In my experience the Lenders continually change their guidelines, you will have to call each of them and find out what are their guidelines today.

My first question is, is it worth it for us to spend a little more of our income on a home and still continue to save or to stay where we are for awhile and save more each month for our future real estate investments?

He wants to replace his income and then continue to build an "empire" or sorts.

I plan to continue renting the property out to my brother.

I believe this was changed with the intention of drawing out the foreclosure releases for years to come so the banks don't continue to delfate the markets and their assets.

They have continuously looked into my company as if it is odd for an African American to successfully run a construction company.

I'll continue to look for owner financed apartment buildings that won't require too MUCH up front capital.

As more and more folks look to REI, the steals become harded to find.There are plenty of ideas around here - often varying.

Buy and hold investors will do well post recession if they are buying during the recession.The era of real estate daytrading (flipping, wholesaling, etc.) is fast coming to a close.Of course, all of the forward looking items are just my opinions and your actual mileage may vary.