Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members!

The "Learn" link across the top navigation bar has lots of great info, and most importantly, the BP members!

There's a social next week on the 10th starting at 5:30p at the Nouveau Antique Art bar located at 2913 Main St.

Barring a lot of capex or deferred Maint, even with 3% tacked onto closing cost, I am showing a 19 % coc return.Is the 10% vacancy the market rate or is that a conservative number?  

For networking, check out the Bigger Pockets "Find Members" link under the "Network" in the blue title bar at the top of this page.

I recommend starting with the Ultimate Beginner's Guide under the Learn tab in the blue navigation bar.

Check out the blue bar up top and look under the "Learn" tab.

firstly: congrats on the new property. welcome to the club.2 things stuck out to me about your question and as i answer, please note that i am completely unfamiliar with your tenant farm.700 is a very high bar to clear for a lot of renters.  

I know that by law I am required to put the money in an interest barring account but considering my tenant is moving out in 10 days, is this still required?

I would search in the search bar self directed IRA and then hit member at the top.