TIP of the DAY: One thing that I had to do now to close the transaction is to secure an acknowledgement from forclosure lender for the TITLE COMPANY as its requirement ... "...immediate re-sale of the property purchased in the short-sale transaction has no impact on the current approval..."...they all repied "no impact on current short-sale letter approval...or we' don't care...just send us the money ASAP..."

The impact of higher taxes is simply too much to ignore in one's expense assumptions.

(I think you have to have a filter on your ears on what you will 'store' in your mind or 'throw away')- Strategize on what you want, make a list, plaster pictures all over your fridge, mirror, car steering wheel and visualize it all the time.I definitely agree with RIch that Money isn't everything & in the end its really going to come down to 'How have you Positively Impacted other people with your Actions or Money?'

It is just a comfort to see my fellow investors say, Yes, you may feel fear, but don't let that impact your destiny for financial freedom. 

There is literally no new building in the area and those that were in construction have disappeared from the area along with their families, no jobs, and HD and Lowes are not hiring.Combination of stupidity, arrogance, and just plain bad advice made the situation even worse when the local politicans decided to raise the impact fees for new construction and for converting office space to new usages.Results are of course, empty commercial buildings,and we mean completely empty buildings, whole strip malls with not one tenant, and no new home construction.As far as home improvement and repairs, that is far less then it used to be, as people seem to be afraid to spend the money, causing again less work and talent leaving the area.

In fact in my experience liberals run excellent charities that have no political power but are nonetheless very good and very impactful on people.

Be sure you know what restrictions the HOA has on rentals, know the cost of property management, and are aware of the cost of landlord insurance.As an expensive doo-dad that is enjoyable and doesn't impact you financially?

This thing can be incidiously invisible and it doesn't take a whole house of it to have impact on the occupants.

You still need to look at actual expenses and see how the flood insurance impacts the cash flow.

(2) I don't have to know the landlord-tenant law in each state/county I have a rental (3) I don't chase down tenants to collect rents (4) The property manager direct deposits my rental income to my checking account (5) If an eviction is required, the property manager handles it and already has the experience in doing it (6) The property manager updates the rental lease form each year in response to new ordinances that may impact my rental activity