And it could take even longer than 6-12 months to find a replacement depending on the area.The other things to look at carefully are major Capex or maintenance expenses - you didn't mention whether this was a NNN lease.

You sell after 12 months and take no depreciation expense in the first year.  

The property will cashflow around $500 a month after all expenses.  

It's a cluster, with months of uncertainty, and in my case 10s of thousands of dollars, because we had to upgrade the septic to accommodate the fourth unit, as if it wasn't working already.

Hey all, first time landlord with ~3 months experience here.I brought a tenant in 3 months ago with an insurance company paying the rent (tenant's house is being repaired after a fire).

I toured the property when they were home and they asked me how the living situation was gonna work, which I explained that my loan said that I had to live on the property for a year, and the tenant next door was on a year lease & he was month to month... so he was going to have to leave.

My overall goal is to generate monthly cash flow, and my current property might be a better rental option since it has equity.I’m also considering starting a business and purchasing the next property in the business’s name.

All things considered, on the market for months, its now winter time, cold weather, holidays, and dark at 5 pm, not prime selling time, I offered $250,000. 

But new investors want that NET couple hundred bucks in month 1.  

$20k/month in profit?