I'm tired of clicking on either San Jose or San Francisco or Oakland.Transaction cost usually defeat the purpose with coming in and out of markets unless your buying court house steps type stuff 

Instead, “jurisdiction is to be determined by the law of the court’s creation, and cannot be defeated by the extraterritorial operation of a statute of another state...""

If you're not 100% trusting of this person (maybe not at the start, but eventually), it's going to defeat a lot of the purpose of having him.2.

It may work out well, but you will want a good tax adviser to help you along the way.It kind of defeats the prupose of investing from an IRA.

Should we be giving a little more grace to the folks who have handed it in and admitted defeat, simply because they will not compound losses on those deals?

And if you determine it based on a future value, you defeat the purpose of finding a deal today and may find it challenging dealing with a seller whose circumstances have changed, especially when their property may have doubled in value as market conditions have changed (like the past few years).