Based on the Proposed Treasury Regulations section 1.1402(a)-2(h)(2), there is a strategy that will effectively reduce your self employment tax up to $60,000 - $70,000 with your wife as a limited partner.

The second place seemed to be much better but then while I was walking around looking my wife saw two instances of drug activity in the area.I would really love to purchase out of state if I could reduce the risk as much as possible up front.

I happened to stumble upon this website and am thrilled at the positive energy and sense of community that I have seen thus far.As far as I can tell, there is no REIA group on this side of the state.

I happened to stumble upon this website and am thrilled at the positive energy and sense of community that I have seen thus far.As far as I can tell, there is no REIA group on this side of the state.

Hey Everyone, It's nice to be among so much knowledge and great energy.

Long showers with a tankless costs more than keeping the tank heater warm overnight.Very high use on demand heaters will not have energy savings.

Each month the balance to buy is reduced but 1/360th.Technically looks like an owner finance deal but with eviction rights rather than foreclosure rights.

As @Jon Holdman pointed out, the property needs to appraise or something has to happen....The exercise price has to be reduced by you the owner of the Sub2 to sell, the TBer has to come up with more money to close (unlikely), etc.

Or you can just contact the listing agent directly explain that you are a disciplined investor make your best offer and see how they respond.This will save a lot of time and energy.

Concrete is a very poor insulator.Try doing an energy audit.