After the labor cost to install, it's so much cheaper to go this route rather than using the Kitchen + Bath company for materials and labor.

And you would get to indefinitely defer all tax on the gain from the sale.

That's $1,600 per month plus to pay debt, plus at least $400 in taxes and insurance.

Far different from buying and "maintaining" a property in hopes they market forces improve the value.It's the same as purchasing a stock after analyzing that market and charts.The other factor is inflation, the other thing we have no control over.

It's a competitive market and most of the people that get in trouble here are ones that buy blindly without actually figuring out the numbers, etc.You'd be surprised the number of times I get asked after month one if their electric bill of $xxx or whatever is normal, and the thought running through my head is "how did you not  check things like that before you committed half a million dollars to something?"

As a matter of fact, far too many these days don't write contracts or stick to their price commitments after the project is well underway. 

Can provide all the benefits from a cash flow and tax perspective.

@David R Pustelnik recommend you first focus on raising the rent for the first time in 10 years.By the way, how much have your property taxes and home insurance gone up since this tenant moved in?

•For example, a listing with three price drops and 180 days on the market would be weighted less than one with 30 contacts, no price drops, and a quick removal after 30 days.3.Open Data:•Provide direct access to each comp’s details: price history, leasing schedules, photos, and even links to the original listing sites—all without leaving the platform.These three issues have been my biggest frustrations with current tools, and I’m building this out for internal use in my market.My questions to you:•Is this something you would want to see in your market?

What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".