All are perfectly functional now, but could pull higher rent with replacing the flooring, and updating the kitchen.My current financing setup for this deal would be $235,000 from the HELOC I already have secured.

It's a perfect excuse to divorce her before too late

I am extremely familiar with the area, I know that it can rent long term, and it is perfect for my family's current needs.

This is perfectly fine if you are going to be living there a long time, but I see people who use a home as a stepping stool home to a larger home in future and make it very customized to their liking but then when try and sell it, it does not appeal to the masses.

Yes, they will do many things better than you, but some things it's not possible for them to be as attentive and quick responding as you.Also, no one's perfect, so keep tabs on them in general.Regarding holding or selling: why did you buy this in the first place?

This is the perfect place to learn.

Quote from @Sakib Khan: Hey everyone,I’ve been toying with the idea of jumping into the world of rental property investing, and I thought this would be the perfect place to ask for advice.

We've actually previously had two potential buyers come forth, one w/ $20k & one w/ $30k - unsolicited offers that we let get away before we even considered owner financing (or knew what it entailed).

I’m a bit biased for obvious reasons, but seriously, Georgia is perfect for small multifamily projects.

As mentioned before, you can get away with paying for the draw money, but not using it.