Retire is a silly term.  It's

You will also need to get a termite inspection, I believe lenders will require this if you are financing.

Once he closed he had the water and power turned back on and found that both A/C units were inoperable (additional expense to the investor) and despite my recommendation that he pay for a termite inspection (CL100) he opted to have a free estimate for bonding and ask that they see if they saw presence of any termites, which they did not.

And walk away from houses they want over stuff like termite quotes and sewer repairs.Tenants and squatters and known repair and lien issues are negotiation points.  

If you really want a portfolio for the long term it's generally best to hold on to anything that's making you money.  

Saudis are more than smart enough to realize that long term it is definitely in their interests to severely damage US fracking operations.  

Example for those that don't know this concept, if you buy stock at $100 because you believe long term it will gain value, but short term it drops to $80.  

In the immediate term, it means emptiness and distressed valuations.

Without it being a personal residence a traditional loan will require you to put 20-25% down as an investment property.2) I believe from the threads I've read so far I think we would be taxed at the ordinary income rate but just want to confirm.If you do in fact hold it short term it will be taxed at ordinary rates.

Is there a lot of deferred maintenance that's going to come up in the coming years (old plumbing, electric, roof, termite damage, etc) that needs to be accounted for?