We are undecided as to whether to continue with another property here or start focusing on the Twin Cities area so we are also in the strategy planning process.

We are still undecided if we'll rent this one out or just sell it.Well if your're still reading, my apologies for the long introduction hope to be more active and meet more adventurers on the same journey!

I plan on living in it/flip asap. so im undecided whats best HML or FHA.

Place is undecided so far.

Let's call it $1900 for argument's sake - Landscaping is $100/month, tenant pays water/electric, undecided if I would do Property Mgt company, but most likely. - If they don't make me close it, I have a $50k HELOC on the current at 6.75% for remodeling the new primary AFTER closing as to not mess with DTI. - Can only put 10% down on new house from cash reserves, so I would have to pay PMI.

Additionally, while this home is supposed to be my primary residence, I'm undecided if it would be affordable after the income cut and would need to consider renting it for a period of time.

I am still undecided on whether or not to start an LLC at this point.  

Hello all, I am working on downsizing and moving much closer to work which should save me a ton of money.I am undecided on what to do with my current home.AnalysisPurchase Price - 200KCurrent Mortgage - $185KEstimated Sale Price - 235-250KMoney is pocket is sold is >30KEstimated Rent - 1700ExpensesPrincipal and Interest - 860 - about 300 goes to principalCurrent Taxes w/Homestead - $3,800, estimate $4500 with no homesteadInsurance - 100PMI - 94.09HOA - 75Lawn Care - 45 (would pass on to renter, told is the norm)Yearly Rental Analysis1700 * 11 = 18700PITI * 12 = 16200Principal paid down = 3600Maintenance = 3600HOA = 900Depreciation = 1500Net = (18700 + 1500 + 3600) - (17160 + 3600 + 900) = 2140ConcernsNew to landlordingCapital Gains TaxLow on Time with my current jobDepreciation would need to be paid back when I do sellMarket could tankLose the ability to claim taxes and interest on taxesForce me to keep more money in cashRewardsLearn new skillMarket could appreciateInflation can raise rentLook for advice on my numbers and any recommendations.

I think we are leaning towards annual inspections, and we're undecided on whether to do a routine service agreement.

., and from what you write, it seems to have been exactly that.I would offer this:I am undecided, but positively inclined towards Boston AREIA in Medford, and I have heard great things about Ann Bellamy's Black Diamond Investors Waltham meeting (she's on BP).As for the networking point made above, I partially agree.