When Joe Donnelly initially voted no on Healthcare, I sent him an e-mail praising his decision and encouraging him to stay on course for his constituents and for small business.

It is tough to explain 4 years of experience in one e-mail!

After going back and forth for a couple weeks over e-mail the issue was finally resolved.

If you borrow against a rental property and use the proceeds for, say, a vacation and a new boat, the interest on the loan will not be deducted on Sch E as a rental expense.

You can start deducting expenses, like maintenance, utilities and depreciation on that date before you get rental income.I could send you a more information if you wish to PM me and start an e-mail conversation.Sheldon

Thanks for the quick reply JonI was more thinking of doing purchase with owner financing so i would offer 5.9 purchase price give the 2.4 down payment and try to get 18 month no payment / interest. reposition a little. take a look at these expensesProperty Taxes (1.163% of $9,450,000) $109,904Insurance $ 24,921PG&E $ 67,482Garbage $ 40,136Water/Sewer $ 49,246Payroll (Resident Manager, etc

It was just like this one: http://www.realtor.com/realestateandhomes-detail/40237-176Th-Street-E---Littlerock_Palmdale_CA_93591_1114442001 Again, different line of business from what I do as an investor (still costs about 3-4 Indiana houses - obscene!)

By implementing the Land Trust along with the Option Contract makes for a smoother and transparnet transaction.If your interested in knowing more about our services feel free to contact me via e-mail.

I'm going to be travelling the next 3 hours, so I can't reply to e-mails or posts for awhile.

The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;To borrow money on the credit of the United States;To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;To provide for the punishment of counterfeiting the securities and current coin of the United States;To establish post offices and post roads;To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries;To constitute tribunals inferior to the Supreme Court;To define and punish piracies and felonies committed on the high seas, and offenses against the law of nations;To declare war, grant letters of marque and reprisal, and make rules concerning captures on land and water;To raise and support armies, but no appropriation of money to that use shall be for a longer term than two years;To provide and maintain a navy;To make rules for the government and regulation of the land and naval forces;To provide for calling forth the militia to execute the laws of the union, suppress insurrections and repel invasions;To provide for organizing, arming, and disciplining, the militia, and for governing such part of them as may be employed in the service of the United States, reserving to the states respectively, the appointment of the officers, and the authority of training the militia according to the discipline prescribed by Congress;To exercise exclusive legislation in all cases whatsoever, over such District (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dockyards, and other needful buildings;--AndTo make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this Constitution in the government of the United States, or in any department or officer thereof.