This house has been there for over 100 yrs. 

My Wife's a Property Manager and I'm a Construction Manager we've been in the industry 18 yrs each.

First I need to hit the 2yr mark to avoid capital gains tax if I decide to sell within 3 yrs after that (5 months from now, 5yrs total).

My current job allows me to maintain a decent lifestyle and save, however I only have 3.5 yrs left on the contract.

This creates a situation where it would normally cost the tenant to move for trivial reasons and encourages them to stay - - appears to work for me, my last move-out had tenure for 8 yrs.

My plan is to pay off some liabilities in the next two yrs.

I'm 27 yrs old I have an wife 2 kids an my step daughter. 2 years ago me an my wife fiancée at the time was renting an home for 550$ an month 3 Br 2 bath 1580 sq ft.

Based off my house which is in the same HOA my rough estimates are:ARV is about $130kRent would be in the $1300-1350 rangetaxes and insurance run about $475maintenance would be about $130 (10%)cap ex $130 (10%, property is about 40 yrs old, most exterior work is covered under HOA) management $130 (10%, planning on the possibility to hand it over to a manager)vacancy $130HOA is about $175This totals costs to be about $1150-1200, which doesn't leave room for a mortgage.  

I'm still a relative newby and have been investing in Amarillo real estate for around 5 yrs now.

@John Van UytvenMy personal skills are: 10+ yrs customer service (bartending, front desk, admin etc.)Im a very charismatic person, a people person as most would call it.