Below is a link to Josh Andrew's book which is an excellent starting resource, and an e-book from Dave Van Horn about NPL investing. https://www.amazon.com/Paper-Profits-Beginners-essentials-mortgage-ebook/dp/B06Y4C7X6Y/https://www.pprnoteco.com/wp-content/uploads/2016/08/Intro_to_Note_Investing.pdf

My name is Arthur  E I have watched my avatar video and also have the Great pleasure of being able to greatly appreciate your kindness. lets do great deals together.

If you aren't confident in other management prospects then liquidating the property and looking at some other investment avenues may be the best option. 

@Lynnette E.

I’ve spoken with a few accountants about this and the consensus has been from them that you can’t have the best of both worlds with schedule E and all the write offs.

Column A - year Column B - total units that year, adds previous year total to new units added in Column CColumn C - new units added that yearColumn D - $60k per unit value added for that year (assumes it stays at $60k per year which is wrong, but you could tweak to have it match the 2% inflation from columns E & F)Column  E - takes previous year value from column F and multiplies by 1.02 or 2%Column F - Adds columns D and E for the current year.

Our liquid net worth is around $1.1mm; we have an additional $480k in equity in our home and a piece of land we own.

The reason why "large developers"  finance their real estate with ease is (1) track record; (2) balance sheet/liquidity;  (3) Global Cash Flow.

Unless I was reading it wrong, you don't have liquidity to do the repairs to your current house which would increase the value and the rent and you also don't have capital set aside to buy a new home without a sale contingency.

I'm on Lane Kawaoka's e-mail list and I always think about striking out for something, but wondering if its worth it or if it can turn into a house of cards...