That gives me $100 a month cash flow and probably around $100 in equity pay down per month on something that already made me a healthy profit.I think the point about taxes increasing is the one that convinced me to hold back a little in the tank.I actually did think of flipping this when I bought it, and would likely do so if I thought I could get $128k.

Would like to know the lot size , utilities , any soils reports?

Lack of underlying soil conditions like you see in Texas  IE foudations going wonky and requiring on going maintance that can be expensive.5. at that price point you get the best qualified renters not the bottom 1/2 of renter pool you get the top half.5. newer construction  Stucco tile roofs etc   compared to 40 to 100 year old homes in other markets that need greater care to keep functional. 6. ease of getting there direct flights to many places a lot of areas in the mid west you have to connect.. thats an issue at least for me.7. things to do.. 

If there is a healthy discussion, the post may still have value.

At this stage of her life (over 30) where she makes good money, she should be owning a property or at least have a relationship that is healthy.

We carefully rehabbed these buildings (occasionally going over budget) but stuck with it and managed to complete the project, lease up all of the units, and divest at a healthy upside which allowed us to segue our returns into larger investments.

Put the partnership through a healthy trial period.

I am looking to purchase a lot on Anderson Island and looking to have a soil test done to see the feasibility of septic on the lot for future use.  

The healthy tenant has reached out for help with relief money for the situation.

So far, I have a mortgage broker that I have built a healthy relationship with and he plans to help me by also referring me to contractors, agents, etc.