x 12 months: $7,488With Depreciation (lets take the 30 year, not worry about re-coup costs, and assume the value is all in the building and none in the land) ~3,333, add in the fact that you have a tax shelter (~$3,000) You've effectively made $15,000Pay off in 24 months: Now lets keep the math simple and pay off 1/2 of the remaining mortgage:  69,000 / 2 = $34,500 - $15,000 = -$19,000!

Many successful realtors have overcome obstacles by investing in themselves and effective marketing strategies.

Hello,I purchased an investment property in Largo, Florida about two years ago.My tenant called me a few days ago and noted she heard a cracking sound and the tile's in the entry way started to lift.I got a foundation contractor to come out to the house and he noted I have raveling soils as well as many other houses in my area and that my foundation is slightly compromised.

It sounds, from your post, that you are looking to turn a lemon into lemonade, but you might have sort of a decent lime in your bag.

Sounds like you have a good handle on the local market.

It sounds as though you are going to self-manage from a distance, which I feel is a big mistake that could cost you a lot more down the road.

For example, effective drainage is essential to avoiding future problems and maintenance expenses.

I Dm'd you as this sounds like you would benefit from it. 

@Branden Jordan it sounds like you are saying that you have a Hard Money Lender in first position and you need a partner for the downpayment...is that what I am reading here?

Hey Rehaan, it sounds like you've already done a lot of the research and know what you want and have targeted a great area to invest in.