simple math, compare the cost of the total payment now (pi +pmi) to new (pi) and see which one is lower.

I will have $150,000 total available in 7 months. 

@Tom JordanHere's a start: 1. start a buyer's list (or use existing from company)2. various forums3. daisy chain with a wholesaler to tap into their buyers4. reach out to brokers who sold similar property in the greater area5. reach out to owners who have similar property in the area (particularly recent buyers)If the commercial space is < the residential space and there is no more than 4 units total, this could be a good option for an FHA/conventional buyer.

@Russell Brazil the price point is 425k so 4% of the total price.  

However, getting your site online will happen very quickly if you do go with a website builder tool.The benefit of WordPress is definitely the fact that you will "own" all the data that is associated with your site.

Wait another couple years until I have fully used up my accelerated depreciation (5 year total) and buy 2-3 properties per rental sold?

Most first time investors and homebuyers will shy away from a property that needs work and most experienced investors prefer total gut rehabs which leaves you somewhere in the middle with less competitors in the market.By utilizing this strategy, you'll get: acquisition, project management, and property management experience.

We live outside of the metro Atlanta area in the expanding town of Dacula.We joined the Bigger Pockets because we are totally new to real estate and would like to reclaim our time and do some of the things we’d like to do as empty nesters.

So that would be $3500/month total gross rent. 

The buyer gets the right to $733.76 per month for 60 months (total return of $39,095.73 to be exact).