Think of it as s long term investment that will save you headaches down the road. 

Start to evaluate deals based on the income approach and you'll do much better long term investing. 

As far as the bedbug cost, I would consider how long you are willing to let the place sit empty. 

However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.

I have been doing this a long time and the things that happen in my Little Rock properties still surprise me.

Long-winded post, but I hope that this helps others.  

I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but the repairs can’t wait.  

It doesn't take long to learn how to spot a good deal.6.

Property taxes will likely be reassessed based on the transfer value, so confirm local rules to anticipate potential increases.If you hold the property for at least one year, you can use the equity as collateral for a construction loan, aligning with your long-term financing plans.

He bought a home for himself in Lodi California but work in the Bay Area long story short he can’t deal with the commute anymore and decide to stay with a buddy close to work.