Is this true even on new construction?

Assuming the 50% rule is true because renters will vacate and some will go ape sh** and I will have to pay a lawyer for services, etc, I can still get a tax write off for that but I wonder if someone can briefly outline the overall tax benefits of owning a rental.I think I am being very cautious because debt exposure is low.

I was told that wholesale is a great way to make capital or a living if you want to start out in real estate Is this true?

This is true Josh but no matter how much we strive to make the world a better place for everyone there will all ways be a Hitler or Stalin!

Now you say that the market is slow in CA (this is so very true), but there is a lot of chances to make money right now.

Again, if that is true, that turns this deal from a positive cash flow of $57 per unit per month to a loss of $48 per unit per month.I would like to hear the opinions of some of those that own or manage condos.

If my prophecy -- and that's obviously all it is -- is true, then purchasing homes in that area within the next few years will prove to be very profitable in the long run (which is my goal), especially if I can score them for a significant amount below FMV.

That is true in my market here in Ohio.

Meaning that the answer may differ between states.The true lawyer answer is: It depends.Typically, if there is a mortgage on a property, then it is Nonrecourse debt which means that the lender can take the property in FULL satisfaction of the debt.Again, typically, if an LLC takes out a mortgage, then the bank usually has a member or all members sign a personal guarantee on the note as well.

Although that’s true, you need to turn that coin over, because there’s another side you have overlooked.