Whatever number you see listed by the seller or their agent as the NOI should be assumed to be the best possible NOI they've managed to produce, if its less than 50% of the gross income.

I am unsure of how to handle the deduction of expenses on this house since it has not actually been rented yet and has produced no income as of yet.

[/quote:Here is my take on this issue;Any property held to produce income is debt-financed property if at any time during the tax year there was acquisition indebtedness outstanding for the property.

The way that we are forcing appreciation is to first look at a residential property as an income producing dwelling.

How do we use our collective influence to produce a more investor friendly atmosphere?

Additionally I'd like to know what the actual procedural costs for invest/divest...Incorporating, distributing checks, etc.

My personal preference is to own property because it will eventually be held free and clear and continue to produce money with a third party manager managing it.

In many cases the homes were selling for more than they were listed for before they went into foreclosure.Now - Back on topic - I was hoping to get some feed back from people who actually took some of these courses because I want to see, if possible, which courses actually produce results and which one's dont.

Every dollar you make in ordinary income you have to make almost $2 in top-line income to produce b/c of FICA taxes, income taxes, etc.

I actually made a connection online to the producer of Mad Men through Eddie, and it turns out he's an ardent conservative.