Great point, James.That said, I wish someone (or some people) would help us to perhaps compile some guides within specific topics.A) It would be very helpful, and could become a stickeyB) The person/people who did it would get tons of love from me and the rest of the community, as well as some credibliity.C) See BD) I think these would be incredibly valuable and could drive many new members and potential partners to the site.Think what Steve Babiak does, but on a larger scale and broken down in a meaningful way (not that Steve doesn't do it in a meaningful way)Thoughts?

It is incredible the amount of response!

I'm very excited about this, as our partner on this endeavor is doing an incredible job putting a package together.For a sneak preview, check out:http://www.rei-ads.com/standby_pages/1771

You can create a WordPress website that runs the spectrum from very simple in look and feel to very intricate and incredible detailed, so much in fact that you never even know that you were looking at WP website.

That's a very wide question.

What DOES apply is the fact that the US taxes its citizens on their world wide income.

aaron, come on man....noone uses that stuff for water anymore. it's either copper or pex. 90% of it nowadays is PEX. it's dirt cheap, incredibly fast and anyone can do it without a pro.chelsy, you did not provide any background info - your own home?

I would do #3 before #4/#5 unless you can get an incredibly good deal.

If that % discount takes into account the "all-in" cost (all-in meaning acquisition cost plus cost to repairs to bring to full market retail value) then yes, that is an incredible deal and likely not achieved these days.

Therefore, as the owner of the property, you're wide open, i.e., if anything goes wrong at the rental, there's a 99% chance they're going after you.I believe it's far better to have the LLC on title as the owner and then manage the property yourself, if you must, but I would still check with an attorney.