So it might help to think about it as a$400/mo property + a vehicle to help your credit get back to where it needs to be (which could jumpstart your investing much more then "a better property")If you're in need of cash, then maybe sell it and take care of number 1 (yourself) first, but IMO this property sounds like a pretty great investment as is...

After finishing the work and finding a tenant I wanted the vehicle out so the new tenant could park there. 

If we watch the pros, when things are volatile in real estate, they invest in stocks, or another vehicle, and on and on.

If you really want to get technical and dial in a precise number by city, you can go to the county tax assessor website and get each of the moving parts that drive the total tax rate (e.g. by taxing unit like ISD, county hospital, county community college, etc).https://taxonline.tarrantcount...Personally I am lazy and usually run with a rough estimate like you suggested...Andy

He is not familiar with a self-directed IRA.A self-directed IRA is still a tax sheltered retirement savings vehicle, just with the capacity to invest more diversely than just the stock market. 

That’s precisely what I am trying to avoid.

I bought it because it was a safer wealth accumulation vehicle.

Then you calculate a way more precise rehab budget and the actual cost of rehab doesn’t go beyond the expected cost either!

I feel most people will need this mindset shift to understand WHY real estate investing is a great vehicle.

I would think a trust would be a better vehicle.