Granted, this may be what you're looking for in your ideal "retirement" but worth noting!

If you pay off a property or owe more than it’s worth, you can still owe or not owe capital gains tax.

I know a lender that can help with both states that does investment lending for very cheap, it would be worth a connection as you look to build out your team no matter what you decide.

This consideration may be worth it in terms of approaching local banks or credit unions with an understanding of real estate investment because they are generally flexible in offering loans compared to national lenders.

It's the industry I want to be in, I see it all as well-worth learning.Now, I have a few questions for the community here.

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

Do you think it is worth saving for a bit longer and investing once I have more in savings? 

It's worth checking out.

If we are losing money every year, but do plan on holding on to it long term, with our goal being appreciation of the market and someone else paying a good chunk of our mortgage, is this worth doing on any level? 

Definitely worth checking out if you’re looking for something to take that load off!