My brother had access to the other $160K but ultimately purchased a 4-plex two months later using his own money instead.Currently, its written that if my brother doesn't use the funds then he gets 160k value from the estate extra, as I used my half already but then my dad suggested a 2% annual appreciation on that amount seems fair on the 160k for him, and now he believes it should match his home’s appreciation, which is roughly 5% per year.

I’m excited to share that I now have a tenant ready to move in on February 1st.

Now you can advertise it as having a sump pump to prevent future water damage when you can sell.

But as of right now I want to wholesale and maybe buy some preforeclosures for myself to rehab and rent.

I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.

Some appraisers are just going to choose comps on the less favorable side of the spectrum. 

Worth it still as now I don't have gas bills to contend with for heat which I would say was around $1k a year.

I'm now aware of any "lifetime" limits for FHA loans, but you're required to live in the property for at least 1 year after the loan starts.

now it's rented out, and you're breaking even each month in rent. 

They were up to $345K value for awhile and right now, I believe they'd sell around 305K.