I'm not seeing any mention of this.

Quote from @Ian Hutton: Quote from @Jay Hurst: Quote from @Ian Hutton: Hey everyone thanks for the feedback, I did forget to mention I plan on buying more properties (which is why I’d like to reduce my debt) let me know if that changes any answers, but sounds like paying off the 88k 6.4% interest is the way to go  If you plan on buying new properties do not pay off any debt.

Once, somebody older from our family mentioned that the sofa bed wasn't that comfortable if you sit for a long period of time in it.

The internet makes the world very small.As far as buying out of state, one challenge I did not see any other replies mention is your occupancy. 

As mentioned it depends on the state as in florida you are responsible for 12 months or 1% of value whichever is less.

If you're interested in them let me know.Thanks for the mention @Andrew Freed!

You didn't mention where you are operating, but depending on average home prices, I think you'll be ok.For instance if we're talkin $500k homes, and if you will get a 2.5% commission, split that 50/50 with your Broker, you will end up with $6,250 per sale, right?

You are right, when the inspector mentioned the possibility or prior water damage is when you should of had that basement inspected by a contractor/professional and not listen to your agent.Gregg is right, the sellers were aware of some of the damage which is why they gave you a 5K credit. 

I will certainly start educating myself with what you mentioned and I'll absolutely take those steps you mentioned and apply those.

Bringing attention by mentioning some moderators: @Nathan Gesner; @Chris Seveney @Russel Brazil @Rene HosmanHey Sebastian, I totally get where you're coming from.