Not sure what the property is currently worth.

And how does the 10% Shop Card work—was it worth it overall?

It's not only the money you'll lose, it's the time you spend (I figure worth $100 hr) and the mental anguish and stress.

The interface is user-friendly, and the reporting tools are especially helpful for tracking property performance.One downside is that it can be a bit pricey for smaller portfolios, but the features have been worth it for me.

It had better be a great deal to be worth dealing with all this headache and taking on this risk. 

The mortgage is $1400 and the house is worth $250k.I did tell him if it is okay for him,I could take up the mortgage and he says he would get back to me as he also as a brother and uncles to talk with.The house is close to my work place as well.Please, does anyone has a thought on this?

Remember that averaged 8% annual is WITH dripping the div, not taking it.

@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

(The people running 500+ units or $100m syndications when the average BP listener (I assume) has 1-10 units and is worth $1-5M.).

In 20 years, those same houses that you own today will be paid off and worth double what they are now.