It all cash flows like a gold mine until the roof needs to be replaced, the main line goes, or you get your first turnover bill and need to upgrade a kitchen. 

An independent sewer line alone can be as much as $10K.

Most of the newer ones use the same exact flapper on their entire line up and it's easy to change.

I'm thinking along the lines of $30k of equity, so sell me the house at $280k.

i don't recommend buying a random property in a random midwest state for $118K that looks great but actually needs a new furnace, a new roof and a new sewer line, and will crush you with capex and make you sad.hope that helps. 

The NPV benefit of shielding income will be substantial 10 yrs down the line. 

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

Or when syndication is struggling like it is move into the training business.there is huge money leveraging your on line popularity where folks will have an irrational opinion of someones bona fides based on SM media presence etc.

Although I've considered a future line of credit against the property as my best long term option, I would need to pay down the remaining balance first.

Another option could be a home equity line of credit (HELOC) if you have enough equity in your primary or second home.