Taxes, interest, insurance and maintenance will eat into the profit. 2.

I have been poor very poor living off food banks and pawning items just to eat for a day and do it again.

The time you spend (or pay someone) to assemble eats into the savings, plus these items tend to be lower quality to begin with.

He further said it should NOT go to eating out or buying other items  and for sure should not be used to quit your job ( which is so popular mind set)Mr.

The inheritance is a good thing to fuel a nest egg or retirement, and the fact that you received it at a relatively young age gives you some really good options for long-term growth through compounding interest. 

Feel free to shoot me a message and we can talk through what has and hasn't worked for us in the Lubbock market and come up with a strategy to get it rented so you can stop eating those holding costs every month.Cheers!

That eats up half of your equity position right off the bat.

We can't have our cake and eat it too.

Take notes from a few people who tell you how to bake a cake, go eat some cake and get your own ideas.  

With my mortgage eating half of my income, it sounds crazy to take a second one.