What I find to be most valuable: Ease of use, cost-savings and efficiency and here's what I mean: If using an interior designer to furnish your rental, they will hand you a list of supplies + furniture to buy and what I was able to do with Minoan is upload that list as a CSV file and then they come back with a quote of all of the items they can fulfill along with their respective discount. 

It is exciting to think about having a big stack of cash to invest in something, but what if that something doesn't advance you the way your property does since it grows in value AND provides income.Maybe the $800/mo cash flow can be your seed money for stock you want to buy...? 

Our team buys the properties and converts them and manages them so it has been a great learning experience seeing all three phases from taking down a project, renovating the building then managing the lease up.

Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.

My ultimate goal would be to buy fixer-uppers to turn into long-term rentals.

Thanks so much for posting all this info I had been looking at Apke Land or Land Investing Online, while they give lots of free information if you really want in depth or access to their letters you have to buy their course.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Piffard.

Just a thought or buy a bizzness that will do far better than rentals. 

I hope you end up buying here.

Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement.