I recognize you want the property to cash flow but as you've pointed out already, there were very rational reasons why you did what you did like paying off your hard money loan and credit card debt.

I think he (or she) needs to recognize they are stuck and needs to be willing to take a loss. 

My dream for my real estate endeavors would be to slow build a property base that would eventually provide my income allowing my engineering profession to be a well paying hobby or give me the ability to start my own engineering company.Non-real estate-wise I also am an avid musician, playing guitar in a terrible metal/hard rock band that somehow Google actually recognizes. 

Most tenants won't know it probably doesn't hold any legal weight, but they do recognize that we are taking action.

But if you redevelop 5 or 10, then the market will recognize that the boundary has moved.

You have the Financial Accounting and Standards Board and the International Accounting Standards Board changing the requirements to recognize income which will effect how real estate transactions (including options) will be accounted for, public comment ended last April.

I want to get a better understanding of how I can spot/recognize trends and/or developing trends.Also, does anyone know an efficient way to get foreclosure rate numbers on a mpnthly basis specific to my state, or better yet my city.Shortsale.

People recognize that selling real estate is a 1099 job just like most other sales jobs.

Series LLC's are not currently recognized in all states, so you need to make sure the properties you own or invest in are in the states that do currently allow the series LLC format.Consult with a RE Attorney as I am not one.

A series LLC is hard drive with multiple drive letter partitions in which to store data.Here is more info...http://en.wikipedia.org/wiki/Series_LLCThe downside is that a series LLC is very new and a lot of states don't recognize it as a business entity, yet.