I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!

Otherwise they would have sold, taken the tax free cash and moved on. 

Vacancy rate, insurances taxes, interest rate, repairs and maintenance.

Lower Property Taxes and a booming STR market.

So, for a $60k loan, you'll likely need $12k-$15k for a downpayment, $8k-$12k for closing costs (prepaid insurance and taxes, lender fees, attorney fees, points, prepaid interest, transfer taxes, etc), and then another couple thousand for reserves and whatever else.

The opportunity cost (i.e. investing the initial costs + the savings from renting each month, into an index fund) seems to be substantial even with the tax advantages of owning a home.

Using Zelle, CashApp, etc. makes your taxes harder and it's all not in a system.I agree, EXCEPT for the automatic payments.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

Definitely a question for a tax attorney/accountant, especially with the dollar amounts involved.