A $12.5k mortgage is quite steep and ties up a lot of capital in a primary residence, while renting offers flexibility and allows more of your liquid assets to work toward generating wealth.

The Importance of Honesty and Ethics in Private Money LendingAs a private money broker, I am in business to earn a living, but profit should never come at the expense of honesty and integrity.

With a loan of say 350k, and paying property management, it should still provide net profit of about 4k to 7k a year in year 2.

Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.

In general, any time you have profit or depreciation recapture that would cause a tax. 

If you do buy a pre foreclosure and follow all the rules and sell within 36 months any profit 80% has to go back to the original owner  who was in foreclosure.Since I made living doing foreclosure rescue prior to this . the new laws removed that activity from my business..

Ahshar Sylvestre Code violations are a great source of lead generation.

Let me add some new wisdom to this.Try not to see social media as "just another channel to try my luck".It is not a separate thing, especially doing SEO or paying for ads.When it comes to lead generation, it is not (just) about generating that lead.

Having fewer but better properties will be more profitable in the long run.

You make revenue here and there but the goal is to generate enough in the winter to sustain all the expenses for the entire year.