I determined the ARV to be around $575K, with no allowance for natural appreciation.

Angie Brown,Thomas Blue,Being incorporated will not allow you to deduct anything other than what you normally deduct; however, if you have a large profitable portfolio, you can offer any employee of the corporation some fringe benefits or pension/401k plans.Thomas, yes you can deduct those flights.Bottom line no matter what you should keeping good track of your expenses and have thorough record keeping.

It's natural to feel it and be excited about what you're doing, you just can't let it be the primary driver, and especially not let it shut up that little voice that says stuff like "have I really done my homework on this place?".

We've since moved to Athens, about 30 miles away, into another house that we paid cash for and I'm going to be forced to rent the first one out b/c I don't want to sell it for a loss.Now, since I found biggerpockets, I've become intrigued in RE investing and am understanding a lot of things I've never contemplated before...ie. being a landlord is OK and maybe I shouldn't of bought the houses outright...Anyway, the old hindsight's 20-20 deal...A little about my wife and me: I'm a meter reader for a natural gas company and I'm also in the Air Force reserve, and she's an elementary music teacher.

The aspect of technology can play in too investing: For example for those that made a play in natural gas and oil 10 years ago maybe didnt know the Bakken reserve would explode and now it looks like natural gas is headed for the basement price wise.

Be sure of your ability to get that mortgage though before getting into the deal.at the very least, you'll need to have multiple exit strategies on something of this nature.

The only advantages I see in the ETF are the ease of liquidity and the fully passive nature it is.Ziv Magen - Regarding zero leverage, while we all are entitle to our opinions, I personally believe ignoring the advanatge of leverage is not the wise thing to do regarding RE, just as abussing leverage is not a wise thing to do.

Granted I go a little overboard, I'm naturally a very approachable person and I enjoy building repoire with people, but this approach has lead to several deals and I find it worth it.

Finally, any utilities not covered by HOA such as electric will need to be incorporated into expenses. estimate $100-$200.2.

Make sure you get a copy of the Operating Agreement, Articles of Incorporation if required for LLCs by the SOS, search UCC filings, etc.Since it sounds like the property hasn't closed.