It's not simple, sorry.If you have not closed, consider tax mitigation strategies such as a 1031 exchange.

Further, running a very quick and simple valuation based on $900 rents, 8% vacancy, 25% op exp margin, and a 9% cap rate, I'm coming up with an ARV of around $83k, so I'd pass if I were you unless you can get a much lower purchase price.

I really believe in my hometown and have a good grasp on it so up until now- I have simple bought whatever I could as soon as the bank would give me a mortgage.

I keep it simple, i do not allow pets.

I almost got involved with investors edge… this is about as simple as I could put it.

One CPA got rude on more than 1 occasion, for us merely asking a simple question.  

simple question to ask, are investor dividends being paid out of net operating income or reserves? 

The proper answer is "it depends" I don't know anything about your case.I do prefer simple over unnecessary complexity.

It usually means there are problems to be solved for the seller which will translate to opportunities for you.Keep it simple on your first 2 deals to minimize your risk.All the best.

So my understanding is simple.