My agent explained that the seller was elderly and needed the funds to move out on time, which made sense to me.

If your goal is to move closer to family and you’re getting the house at a discount, it’s a strong personal and financial move.Advice Based on Your GoalsGiven your long-term goals of being debt-free while building a rental portfolio, it might make sense to hold onto the Stockton property.

not wrong  just have to look at markets and market conditions.in many areas of the country building new just does not make sense when existing inventory can be bought for far less than replacement costs.. and rents wont change enough new vs old to compensate for it.

@Shirley MoserI decided awhile back that it doesn’t make sense to have service contracts on rentals.

Hey Ralph, unless you refi and pay points chances are refinancing does not make sense. 

Is it possible or does it even make sense to get a DSCR loan on the rental property that will allow us to pay off the outstanding HELCO balance ($285K) and the remaining $390k mortgage?

May not make sense for you, but always want to mention it as people have always slept on Reno! 

Therefore, it makes sense to include looking for off-market homes as part of your real estate investment strategy.

If we did this, it wouldn’t make much sense to include my brother since he has not been involved but I would like to include him as we are planning on acquiring more properties in the future.

Do what makes sense for kickbacks on your cards (hollar Amazon) but I have two main cc with great bonus plans that I use for most materials.