I have searched in Binghamton and find the same situation.

Hi @Kenny Pyatt - I'm in a similar situation and also live in Nashville.

While I'm in a similar situation with it being a foreclosure that has some minor upgrade potential, I'm not in love with the house and starting to regret tying up a lot of cash in it.

@Joseph DavisHello, and you should see if there's an REIA near you where you can learn from and meet others when are either in your situation or who can assist in some way!  

Brandon, That is true; however, in the situation of a property as a long term rental as she stated in her example I would not be concerned about it.

The property is worth 210k and I owe about 140k on it.I have another 80k saved up and would like to put about 60k towards my next property (leaving 20k for emergency funds, rehabs, personal fund etc.)I have zero debt (no student loans, no car payment) outside of the HELOC I had to purchase the first property I stated above and most of my living expenses are paid by my employer (car, gas, cell phone).I am based out of Central Pennsylvania and am looking to stay somewhat locally for my first few properties (Harrisburg, Camp Hill, Lancaster, Hershey etc.) and am not really interested in out of state investing.Just looking for some advice or input on what you would do next if you were in my situation,Any input and info would be greatly appreciated, Thanks!

In fact, their situation may not be money at all.  

I am also leaning away from this option, mostly because I know it won't go anywhere.Can anyone provide any insight into how you would handle this situation?

I'm just getting started but am in a similar situation with work and savings so I've researched this for my business plan.

Note - If you are looking to invest the proceeds you could look into a 1031 exchange will defer all Federal taxes to a later date and allow you to purchase another property with the proceeds.The best thing to do in your situation is to do a little research and talk to an accountant.