My guy is that, if you're unclear on some of these basic rules, you're probably not be overly aggressive in your tax savings -- a good tax guy *will* save you more than he costs you.

This does *NOT* include debt service.A lot of times here on BP, we talk about "the 50% rule," which is basically just shorthand for assuming all expenses will come in around 50% of gross rents.

You can read it here, if you like: http://www.grantland.com/story/_/id/6874079/psychic-benefits-nba-lockoutThe point is basically that NBA teams are typically awful businesses, yet shrewd, wealthy business people buy them, so there has to be some type of intrinsic value or non-financial utility that owning an NBA team provides to the owners, otherwise all owners would sell and the league would eventually shut down.

I would create a relative ratio to that concept which is fair and produces you a return.

Basically, control the deal.

If in your will you bequeath the property to your wife then she will basically step in to your shoes and be co-tenants with your partner.

The last company I used basically used a generic word doc and it wasn't a very helpful reference.

Florida got a little egregious with this concept and over built and over charged.I think some of the statements you are making have a very wide stroke.

HARP 2 is basically unlimited unless there are bank overlays.

So, putting in an upgraded set of appliances will likely not return anything additional to putting in a basic set of appliances.