Next steps include analyzing deals, connecting locally, and studying financing options.Good luck!

now, if you've boosted the ARV of the house via the rehab to 200K, you can do a cash out refinance, and put a long term mortgage on the property that is paid monthly.you will get "cash out" (minus closing costs) at closing. 

Quote from @Eli Fazzo: Hey Bp family, I’m looking to move to Lexington, South Carolina area within the next year or so.

The good thing about the houseGood monthly cash flowGood interest rateIf its a headache property, I would sellIf it doesn't have much maintenance and you have good tenants, I would keep it.If you do decide to sell, you have about $200,000 of equity which you can buy 2-4 houses with when the market is more favorable.

The insurance company will send you copy of the tenant declaration page proving coverage, and they will notify you if the tenant ever cancels the policy or allows it to lapse.HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.

Now that Steve has provided you with the right places to look, you will be even more prepared in your vetting the next time.

Given the fact that if  there is a gain a future year the prior year loss can offset it, it seems that one would want to file the loss so they can offset that gain.

One thing you will want to explore is the tax rate in the specific counties you are looking in.

I figured the PM would definitely be local to the area of the property and would need different PM's for each area, those were just the areas I'd like to invest in. 

You could also engage the services of a buyer’s agent.