I'm a paramedic, that's where I found the potential. 40ft 2 bedroom container homes can be built for $20k and are approved in hurricane locations.I haven't created or run a successful business, joined the military at 17, and worked for most of my life. 

Hopefully others on BP will take heed and not do deals this way unless they intend to keep them for life..

You are living next door for a year so your choice to rent to someone may have a direct impact on your life (unless you are not home most of the time).Cheers and good luck!

For example, a buyer putting 20% down on a $500k home would pay around $500k in interest over the life of a typical mortgage at current rate around 6.5%.

Especially in high priced markets were married couple gets that 500k tax free.. do that a few times in your life that will make you more money than most rentals at 200.00 a month cash flow.

Much more than that if she was a professional squatter. 2500 is painful emotionally but it gets her out immediately and I can move on with my life.

That put me on the right path of finding the career of my life and led me to meeting the most amazing people who absolutely change my life.

Human psychology is smaller, more often increases are more acceptable than one big increase even though the opposite is true mathematically. 

Unless the home is uninhabitable or poses an imminent danger to life, then confirm receipt of their work orders and provide applicable updates as soon as available.

You need to talk to your accountant to see how much tax you would owe but 1031 exchange into a bigger or better (location or age) building that you like more. 1031 exchange is about getting a better life for yourself.