You should have a good idea of what it's worth based on what you paid and the comps you looked at before you closed.

If it was purchased cash you can do delayed financing immediately, but it would be based on your total capital invested not current appraised value. 

Hi David, I’m based in Greenville and would love to connect and help you explore opportunities in the area.

Quote from @Sean O'Keefe: Quote from @Tom Gorrell: We have 3 rentals in CA and one in Kentucky (total value about 2.5 M)some W2 incomesome pension incomesome syndication income and some from a business (s corp) Based on what you say, it feels like $3k - $4k but would need more info on how frequently you meet with CPA outside of Jan - Apr when you are filing and if this includes tax strategy. 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

I would base the decision off of how good the deal is from both an equity and cash-flow standpoint. 

I'm based in Austin and currently have properties in Houston and Killeen. 

We're all talking about the creative financing, asset-based lendings of the world right? 

If it were me, I’d double-check the furnace to cover all bases (maybe bring in a second opinion) and document everything.

Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.