Hoping to gain some confidence and knowledge in the BP community! 

Usually holding costs and lost opportunity costs far outweigh the gain in sales price.I would also have multiple exit strategies and if prices dropped more than I wanted could I keep it as a long-term investment and have the rent cover my expenses.

However, if you decide to sell after holding the property for over a year, you could qualify for long-term capital gains tax, which is lower than ordinary income tax.

However, understanding all the costs of buying a real estate investment property will help you avoid costly mistakes.Buying a rental property, holiday home, or property to flip can yield short-term and long-term financial gains.

The relationships you build can help you in unexpected ways, whether it’s finding out-of-state contacts or gaining insights from others with remote investing experience.

You'll be able to garnish wages up to a certain point, hopefully they are gainfully employed in a stable area that would allow you to do this. 

People that join for a quick gain and leave a wake of problems behind them, but these are rare and he just recently announced a clever way he’ll be dealing with that too.

This is a two-way interview, so have a short list of questions to ask the mentor (What books do you recommend I read to gain a better understanding?

Don’t forget the extra space in the living area gained by moving everything to the garage, make sure this looks good and maybe take advantage by adding a sleeper couch if you don’t have one already. 

You can also look at converting funds from pre-tax, to Roth IRA accounts, thus paying taxes on the seed so you don't have to pay taxes on gains/growth.