At the bare minimum, you should do the following to make your bookkeeping easier:1.

-It's difficult to cash flow because the current rent barely covers what the mortgage would be. 

I just joined about a couple of days ago and have barely been on my account as I’ve been busy!

I'm fully licensed agent and tbh, I've seen some things where agents barely make any effort on properties, so yeah I hope some get out of the business and leave it the market share to the ones who actually know about real estate.I do think Redfin/Zillow and big platforms are waiting on something like this to happen to fully take control of the market which IMO is more scare then the latter.

However, it did not perform well overall and barely cash flowed (although, to be fair, it was on a 15 year note). 

I've had my fill of gurus peddling dreams for the price of a small island nation, and I refuse to sit idly by, twiddling my thumbs while life passes me by.So, here I am, dear reader, baring my soul and begging for guidance.

Usually homes are under contract by the 2nd price reduction.Knowing this trick has been extremely valuable to me and my investors in 3 ways: (1) It has saved valuable time from submitting low ball offers that could never be considered. (2) It has provided leverage for many accepted deals that have been just a tiny bit overpriced, closely competed for, but all the other bids barely missed the percentage mark. (3) When the bidding period changes to a daily bid, I submit a bid as quickly as I can and if possible on the same day that the bidding period becomes a daily period.

It has since barely surpassed it's peak prices 18 years later.

My intention is not to boast but to inspire and share the significant impact that BiggerPockets, especially Joshua Dorkin and Brandon Turner, have had on my life.I first encountered BiggerPockets at 23 while enduring long 14+ hour days as a pipe fitter on hydroelectric dams in northern Manitoba, working 21 days on and 5 days off shift schedules.Although I was earning well for my age and educational background (I barely graduated high school), the job was unfulfilling and almost toxic, mainly because of the dynamics with the associates in the industry.

If the wiring is nonmetallic cable (romex - plastic looking outside layer of insulation) and has a ground wire (3rd wire, bare copper) it might be fine to keep.