It is further out from Phoenix, but since most homes in QC rent for $800-$900 per month, you could easily rent it for $800-$850 per month, have $150 positive cash flow, and not waste your time nor spend extra money to repair it.

The buyer was willing to pay a set price with the terms he could live with and Richard got an extra $5k in price for "waiting" for all his money.I do question the statement that the home may be worth $90k now as Vegas is not currently (but will be again) appreciating.

So that leaves you with 1 extra month that you're really "sitting around doing nothing".

Let the non profits take on the extras so people help as needed then return to their own lives rather than build a bureaucracy that just feeds off of the system and does more harm than good. in many cases.

I want to create a little extra cash flow to supplement my military salary.

Back when interest rates were around 6.5% I talked to some Mortgage Bankers / Brokers and estimated that if we bought a $150,000 house with a 3% down payment we would be paying the same as we are now after PITI minus tax advantages plus the increased utility bill we would be paying if we had a yard and extra square footage plus maintenance expenses.

Anyway, we both allot our extra paycheck money to our business operations and marketing so that we can do a few deals to make the cash needed to buy and hold for wealth and cashflow.

You and everyone else out there in the world.....Truth is banks are probaly not going to sell you a home for pennies on the dollar. 10..20...30% under perhaps. maybe even 40.

Diane,You will need to figure out what the market value for the home is right now and figure in a percentage to come up with your sale price.You can either leave the rent where it is or increase it $100 and tell them that the extra money will go towards the purchase of the home and it will help them with closing cost.

How important are the extra half-bath and having a tub rather than shower?