@Theresa Harris nobody has made an offer to take it down for free.

Thank you @Bill Brandt & @Theresa Harris

Quote from @Theresa Harris: Short answer is:1) figure out how much you can borrow and your price point2) decide where you want to buy3) decide what type of place you want (duplex, single family, condo, etc). 

Quote from @Theresa Harris: Definitely do the roof.

UtahAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bancorp South, TX Lines of Credit on free and clear housesBank of Southern California, CABank of West (BNP Paribas) 60% LTV CA, AZ, ORBB&T will loan on a rental portfolioBBVA, now PNCBECU for ORBellwether Community Credit Union, NH and MA 85% to 100%, draw 10 yrsBMO Harris, 3 HELOCs to 70% LTVBoeing Employee Credit Union Cal Coast Credit Union, CA Citizens Bank -MiN, only in-state.

Quote from @Theresa Harris: I think you've taken the necessary steps. 

Quote from @Theresa Harris: That is a big loss. 

@Ben Zimmerman and @Theresa Harris both made great points above: cash flow can only be determined after calculating and deducting ALL expenses, not just the mortgage (including insurance (hazard & flood), taxes, vacancy estimates, maintenance/repairs, and more.

@Theresa Harris...thank you.

Quote from @Theresa Harris: What is your current mortgage rate?