This completely revised and updated edition offers readers all of the up-to-date, crucial information they need to succeed in real estate investing. Updates include: new interior design; complete coverage of new FHA limits and rules; changes in the tax laws including ownership of second homes and 1031 tax deferred exhchanges. All charts, graphs and examples have been updated to reflect current rates and fees, and there are also new appendix lists and reference to useful real estate related web-sites.