But, @Jay Hinrichs recourse is relevant, as if the loan is non recourse, there's no personal liability, and as per the IRS there is no 1099 or taxes due for forgiveness.  

Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessREI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.http://www.realestate.com/advice/buying-your-first-investment-property/ However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

utm_source=search&utm_medium=internal&utm_campaign=booksLastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

This topic is really relevant to my interests as a prospective investor. 

.- If you want to factor in your equity/principal paydown to ROI, you can do a return on equity (ROE) analysis:ROE = Cashflow / Equity (again, typically over standard period, like one year)- I also like using IRR to model long-term holds -- this number is typically more relevant to what landlords are trying to accomplish (compounded returns vs simple returns and factoring in when the money goes in and comes out). 

Otherwise year lease.and @Brian Gibbons thumbs up for linking relevant law to the texans on lease option issues and for conveying the alternative method!

Is the information actually relevant?

Then I would suggest you place a single 468 width adsense ad under the first post of each thread.http://www.ponywear.com/misc/bp_layout1.jpgIMO this will result in a more effective right column navigation setup and relevant ads would be scanned by readers on each thread view; hopefully resulting in a higher CTR.

Land comps are only relevant if you're buying very similar and very adjacent properties.

I would honestly spend some time on here searching rental issues etc and seeing how people reply to real-world examples and issues, FREE and possibly MUCH more relevant!