Quote from @William Weston: I'm Christian and believe everything in my life is actually God's property, entrusted to me to watch over.

Can anyone tell me why properties in Illinois show up when I search for properties in East Tennessee?

Those holding cost will certainly add up over time and kill any cash flow.

Handing off property management and admin tasks allowed me to focus on acquiring new deals instead of babysitting old ones.Are You Stuck?

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

At one point my Brokerage employed over 70 Agents and trust me, those stats track.So when a company starts advertising on my show, or an Agent starts working at my Brokerage I can usually if they'll make it long term or if they'll flame out.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Congrats and knock out that extra debt you accumulated so you can save up for STR #2!

Now, tenant 1 texted me asking when he was going to get the sec dep back.

You need to think of that before it comes up (I know this the hard way...because I forgot).