Putting aside the issue of whether the property continues to appreciate or levels out at the ~170k which we cannot judge, if you actually do the numbers, it will not work out to where a sale is a better option than continuing to enjoy the cash flow, reinvesting those funds in further upgrades or further investment.

I wanted to buy several properties but I told them I would do just 1 small duplex to test them out and see if I like how things work out and then I would buy many more.I own several businesses but I had never had an investment/rental property yet.

It will likely work out better for you if you already grew your portfolio to a place where you are fulfilled and just want to give your excess.It is an admirable goal.

This is all very new to me - I'm trying to work out a lot of estimates and figures for things that I don't know how to estimate.

I've even made an offer on a distressed property in my last trip and had a great experience negotiating and trying to workout a deal.

There hasn't been this huge wave of foreclosures or short sales as people are hanging on, doing cash-in refi's or doing work outs with lenders.

If you don’t have the money to pay all of it use the difficulty of collecting to work out a payment plan.I am not saying you should make a habit of pulling a trump on contractors, but there is a reason when tenants trash houses everyone here says take the security deposit and eat the rest—it’s a pita to collect.

How did it work out?

But I do sell plenty of ocean front condos to clients who need financing and they usually work out, just with a few more headaches. 6.

I attempted flips in the Indianapolis area, made offers, but they didn't work out.