View Single Post
  #34   Report Post  
Posted to alt.home.repair
** Frank ** **    Frank    ** is offline
external usenet poster
 
Posts: 178
Default Home Depot house paint sux big time!!


Reminders all of why to _NOT_ be in the rental business...

--


The positive side is seeing property values double every seven years with
the tenants paying a good part of the mortgage and the huge run up we had
couple years ago before the market down turn. Income, shelter, leverage and
of course you could deduct all your construction toys, I mean tools. When
you get sick of the tenants and trash, occupy it 2 out of 5 years, and claim
a huge $250k (or $500k if married) tax exemption on your gain ... sweet.