I lived there for 2 years and now I've moved and I still have a $575/month mortgage but I have 5 people in there (one of the non-bedrooms I put a stand-alone closet in and call it a 5th bedroom) paying $1150 per month.  

I'm looking to change my life towards financial freedom and get away from the 9-5 mentality.

Please keep me updated on how you push forward with your path toward financial success. 

I'm independent, no debt, no student loans, very low tuition (with financial aid grants), rent of $500 per month, credit score above 750 and a small chunk of change saved up in the amount of $15,000. 

Looking to increase my knowledge in real estate to for both personal and financial gain.

I've been in the Air Force for the past 10 years and I'm hoping to use this as a means to becoming financially independent by the time I retire in another ten years so that I can focus on what makes me happy rather than what pays the bills.I am currently living in the Richmond, VA area, where I own a home that I will be renting out in another year or so when I leave here.If anyone has any advice, I am all ears and I look forward to participating in these forums!

Your financials are too tight to not have predictable cash flows on this property.You also could lose the home sale exclusion if you convert your former residence to a rental.  

I'm looking for a firm that understands real estate investing and can advise on the proper structure and financial strategies to lower tax burdens. 

I work as an appellate public defender, which is fulfilling work but not so financially rewarding. :-) My goal is to buy my first property in either of these two markets.

I am in the middle class and am using the depreciation deduction (and someday 1031) to better my family's financial position.