As you keep learning, you'll get more comfortable with the numbers and figure out which strategy works best for you both.

So being conservative we would say you gain $46k in equity ($1.15m times 4%) plus cash flow (which I would argue is basically nothing after vacancy, repairs, capex) plus principle portion of debt pay down (you’ll have to look at your statements and figure this out).

It was a pain in the arse to run to Ikea and figure out how to piece together New Laminate wood flooring - $.089/square foot.$300Used 24” oven and apartment size fridge.$900Microwave, Sink, faucet, sink hardware $600Quartz Countertop (one 10 foot slab)$300Electrical Materials: wire, receptacles, lights, etc..$400Baseboard (had it left over from another job so $0, but would have cost around $100)New interior door, wood studs, drywall, mud  $300Paint $100Dump Fees $500Misc stuff I’m probably forgetting $500TOTAL COST $12,500Rehab cost per square foot = $25

I figured that would need to be a part of the closing to remove that deed of trust prior to new ownership.

If I were you, I would get a realtor to rent the place so you have assistance with tenant choosing and then figure out how to manage it yourself if you want to, but I would be worried for you.

Have you figured anything out?

This goes into effect Jan. 1st, but the state has not figured out the particulars and the license is not available yet. 

These figures suggest the property may be overpriced based on current rents, so negotiating a lower price and increasing rents could improve the deal.

Meet Jackson, a real estate investor who thought he had it all figured out.

Until they figure out  how to slant drill.. these were big geothermal wells.