The seller is taking a second position and loves the fact that I will be sending her a check every month as she sits on the beach and enjoys her retirement.  

@Benjamin Riehle LOL.....I enjoyed this post.Cheers,CB

Enjoyed the experience so much I'm looking to do it again... goal is to acquire #2 before the end of 2016.

@ Shea Alexander, I have been really enjoying the BP podcasts.  

I own and operate my own real estate porfolio, so I have sort of drunk my own Kool Aid =)  I enjoy real estate so much I am now considering expanding into other areas of investment, such as flips, and wholesaling.

I am really enjoying the BP podcast already and listen to them everyday on my way to and from work.

There is no rule set in stone that real estate will always enjoy such a favored tax status.In fact since populism is increasing and most Americans don't receive these benefits, they are at risk more so than in the past.  

I really enjoy Portsmouth even though it gets a pretty bad rap.

And no,you are not required by law to redecorate.You are required to make all necessary repairs to keep the home in safe for habitation.Tell the tenant your intentions to sell the property next year and to enjoy it while it lasts or be prepared to buy it from you.

Hope you've been enjoying your time here thus far!