Just the 7% sales commission will eat up the value of the lot.        

But when a tenant doesn't pay, it eats into MY cash flow.

When you have the conversation - Have a discussion to see what the tax would be on an outright sale.You may have suspended passive losses that would eat up most of your gain.If the property was previously a personal residence, there may be some exclusion.If you do have a gain upon sale, have a conversation to see what options(if any) you have of deferring the gain and what the steps would be.

If their car note, utilities, credit card, and rent are all due on the first and rent eats up most of their first paycheck there's a good chance I'll get ghosted til next payday anyway since they need their car to get to work, utilities paid to keep them on, credit card for day to day expenditures, but my house isn't going anywhere and evictions take time. 

The most recent book I got done with is called "Flip" and it has a green/white cover.

Congrats on starting the journey.There are other expenses to factor in such as utilities, repairs, property management, capex, etc. which will eat into your CoC return.https://www.biggerpockets.com/...

@Jonathan Greene can we talk about radio some more?

@Adrienne Green, thank you!

He has his tourismo license and gets compensated on any excursion or most restaurants we eat at but we control our activities and places to eat.  

@Jonathan Greene That’s a Good Point.