Where are you located?

(Available time, money, income, family situation, credit availability, time horizon, real estate market location and phase, medical situation, etc etc.)

The house is located in Utah County, and I think over time it will appreciate very quickly relative to other markets.

LTR could get $3200-3400.3-just purchased in August a townhouse in Costa Mesa California 3 miles from the beach walking distance from the back bay great location.

@Landon Sheveland  don't think your renovations will overcome a bad location. 

Otherwise, they will just end up ignoring you and you'll get frustrated. 3) Naive/newbie investors get burned all the time by only looking at the numbers - w/o fully understanding how the location/property/tenant will affect those numbers.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I sold 1/8 of my properties, similar motivations, but I think overall Trump will be good for real estateSold the C market locations.  

Instead, look at your major location-specific operating costs as an investor.

I'm actually located in Illinois. 

The location is in a booming area of McAllen, Tx with almost nowhere else to build and rents have blown up the last few years.