I presume this was a brokered loan and not a portfolio loan.I'd have to look it up but as I recall a mortgage broker faces up to five years in prison by simply "coaching" a borrower to commit loan fraud on a federally related loan, if indeed this was a federally loan and not a portfolio loan.

Seems like Federal fraud...so....I wouldn't do it..no. 

It is a sad but true fact that our institutions of education and government are deeply misguided when it comes to issues of supposed equalities. 

It was government housing but still, you get the point.

It seems that municipal garbage services would be intrusive big government at its worst; the thin end of a socialist wedge that would deprive the citizens of their right to choose which noisy truck lumbered up to their house on a weekly basis ;)

If there is a buy and hold market, who is the demographic renting; i.e. college students, government employees, etc.?

Our federal return remains the same but our state return is about $1000 lower than normal because CA doesn't have capital gains and it is taxed as normal income.

We are looking to do the same thing for a flat in Athens which we'll turn into another artist's studio.Instead of the 2% rule, I have a 3% rule when looking for properties like this: it covers management and cleaning fees and utilities.Some key elements to doing well on Air BnB:* Beautiful, well-lit photos* Excellent location convenient to transport* Well written ad with thorough description of local attractionsWhat can make up for a lack in any of the above:* A quirky design/unique lodging experience, at a low price NB: Air BnB type services have been drawing the ire of hotel lobbyists to local governments, and many renters don't pay taxes on the $ earned.

I believe this is federal law (the Sherman Anti-Trust Act?).

@Dan Mackinthanks for responding to my message......some of the things that appeal to me back home in Nigeria is buy-build - hold ,investment in raw lands for capital appreciation and also taking advantage of the cheap housing scheme by the federal government,with the aim of providing cheaper housing for workers ... but because  am not home its difficult to start that now. today i was searching online and making calls to mortgage banks to see if i can use them to finance deals but the conditions are not favorable, 20% interest rate and tenor of 5 to 10 years.And as for DAMAC, the job involves getting investors to invest in there off plan projects and also getting investors to buying hotel apartments ,which damac can manage for them and pay them there ROI on the properties yearly.THANK YOU