You can do this full or part time, right now, after you graduate, or any time in the future after that.

I’ve got the age old question of whether we should sell our townhome or keep it and make it our first rental.This is my first post on BiggerPockets so please let me know if I have left out any information that may be helpful in the analysis.Single Family TownhomeBuilt: 2001Purchase Date: 2008Purchase Price: $270,000Property Tax: $5700/yearHOA: $125/monthWater/Sewer: $1320/year (Must be paid to county by home owner)Insurance: $800/yearMaintenance Costs: $400/year Other planned future costs: Roof (in about 5 years, ~$5000), water heater (in 7 years, ~$1300 including labor), water softener (in 5 years, $500)Current Mortgage (Refinanced in 2012)Term: 15Rate: 3.375%Principal: $140,000Market Value: $230,000 (Upstate NY market with minimal appreciation expected)Rental: $2000/month ($2200 possible but I want to be conservative)I was also considering refinancing to a 30 year mortgage to help with cash flow but I’m not sure if it is worth the $4000-5000 in closing costs to refinance.Normally I would not consider this a good rental property because of the low/negative cash flow.

So future selling costs are $30K but tenants have paid down less than $12K.

Yes you do need to work on your RE property and RE based passive income is not really passive even at a high level (you still need to make phone calls to you PM company once in a while But I think the time and effort and sometime lower return overtime, is totally offset by the fact that you were able to leverage yourself into a future position.

I decided to go into Real Estate and had big plans for my future (had to because I had a little one depending on me to support and provide for her). 

What would be the best solution for my future properties?

Something real that I can pass on to my children and ensure that they, or their future children, will never have to endure the hardships of my childhood.

I currently do not have a CPA as I only own one rental property I just want to have a working knowledge of the area to make better-informed decisions on future sales of properties.Thank everyone for their time and support!

No long term leases in the future.

I would agree I am "green" to estimating rehab cost but I will definitely get better as my first flip comes through and more in the future.