Purchase price: $376,613 Moved to Orange Park, Florida, from Delaware three years ago, choosing this home as the perfect place to settle and grow.

Once you have the place under contract you are time limited.

Keep systems in place for managing documents and contracts.6.

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

The main house is original (this place was built in 1924, very cool) and we rent it for $1,650/month.

I believe that the technically correct answer is that they all moved from California to Texas and Florida, whereupon they realized that it gets extremely hot and humid in those places, has extremely variable weather, and large insects, and are now leaving Texas and Florida. 

Ok I am representing the buyer not the seller. and I will have a buyer agreement in place.

Maintenance and UpkeepRegular Inspections: Schedule periodic property inspections to address maintenance issues.Emergency Repairs: Have a plan in place for unexpected maintenance needs.Furnishing the Property: Budget for necessary furnishings and appliances.7.

I'm going to exclude my personal residence from this because I don't view this as an investment, I need a place to live.Excluding my primary residence my current breakdown is 47% real estate 53% stocks/cash. 

I just acquired a duplex, and the tenant has been there 15 years and takes care of the place like it's her own.