You would not get any write-off for taxes on a personal level for renting property, but you would get a loss flowing from the LLC.

Originally posted by "Wheatie":They're may be talking about different finish levels.

[list]Finish renovating a 2 bedroom apartment unit.Finish renovating my 2 bedroom basement suite.Renovate a house and sell it.Start reno's on my commercial building.Start reno's on a 4 plex.Start renos on a 9 suiter common areas and fire upgrades.Rent 2 bachelors a one bedroom and two 2 bedroom suites.Put an offer or two on a few multifamily buildings.Assist many investors to obtain commercial financing.Build my internet businesses to a higher level.

Then, during the down seasons, these beach close properties are in high demand for an 8 month lease for college students who leave for the Summer anyway, and do not wish to rent during this time.

Then, once you're past the one or two year guaranteed period, the costs go up to more realistic levels and your profits go down.It just smacks of "too good to be true".

I was worried about low level residual smell that other cats/dogs might still detect -- once they start going on one area of the floor, it's very hard to get them to stop.

How I am using it is: For the level of service I chose, I get an 800 number and five extensions.

They will be looking for an opportunity to get even with you.If you are going to do it, advertise for the highest rent level and say "discounts for good credit"Another big problem that I can see, is that the credit scores are mystifying.

I am looking to start something up with a few friend and we are just a few years removed from college (not a lot of cash funds ) So this may help us out.Am I understanding this program correctly?

I'd like to target young professional and young/small family tenants, but I'm open to college students as well (we have a lot of colleges around here).