The key to purchasing more real estate is by focusing on the fundamentals of the real estate.

Maybe it isn't worth it, but you should consider the numbers and decide...that could push you towards purchasing another rental. - You mentioned paying down/off a rental and needing to consider the tax implication.

Looking at making a purchase of a 3 family, was curious if anyone knew the section 8 process.

I'm curious with you and your wife, how did you decide it was worth it to put the 50% down and purchase?

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

Purchase price: $245,000 Cash invested: $80,000 I served as the buyer's agent acquiring this property.

Purchase price: $80,000 Cash invested: $80,000 This is a reno- adding a 1 bedroom unit to a three family home.

I have purchased my first home already!

It is also not an option to not renovate as she came with the house when I purchased it and absolutely trashed the place. 

I invest in Memphis, TN and I use the BRRRR strategy for most of my purchases.