After paying down your mortgage for 20 years, you should have $1 million or more in equity.To answer your question, I think you should learn how to calculate return on equity (ROE).

Your RoE is therefore 3.3%. 

A frustrated sister of mine who was her self appointed power of attorney is angry with me taking care of mom - so using her 32 years of legal secretary experience - to illegally become power of attorney she files a lawsuit to get me evicted claiming $2300 rent due for past 19 months = $43000 - it was overturned for many reasons.

If you are crushing it with smaller deals and find comfort and ease and low ROE (Return on Effort), then stay the course.If you want to scale, you may have to find a partner to help with capital and balance sheet.

Now, if you have other golden nuggets overturning the common misconceptions, please don't hold back.

ROE is what most talk about.I have never had $250k cash to invest in the market not that rich or high income but have accumulated with effort much more equity and then cash flow from years of ownership.

If it’s worth more without the house I’d either sell as is to a builder or tear it down and then sell the empty lot once the ROE drops below 8-10%.

ROE), but I don't really care because I plan to hold everything forever, anyway.Go to etsy and search for real estate investment or something similar.

ROE is a great metric to look at because it takes into consideration your current returns compared to current market value.

That said, no CPA worth their salt would take a wrong position just because they think the chances of it being audited are slim.Interesting nugget - the IRS even has a form for disclosing to them in the event that you think you are taking a position that is contrary to IRS guidance - Form 8275 - and if you validly disclose your position on this form you can avoid penalties if the position is overturned.