Use Retirement Accounts4.

My wife and I are mostly retired and are considering different options for some long-term plans we have. 

Property TWO:Market Value $210,000Owe $130,000Mortgage is 30yr fixed 3.75% $880/monthBought this with 5% down PMI falls off next year savings of $80/monthRent is $975/month 3 year contract Rent is really saturated in this area and I found an elderly couple and this property is across the street from the sons house how basically does 100% of the maintenance on the property.Should I sell it, keep it thoughts?

Just make sure they specialize in tax and have significant experience dealing with real estate investors.There are very few who specialize in real estate AND Self Directed Retirement Accounts.Here is a great list of questions to ask a potential accountant: http://www.biggerpockets.com/forums/51/topics/7044...Also check out the www.NAEA.org page in your search.

However, we dont plan to be doing this very long, as we both have it as our goal to become "Early Retired".

The job I left was well paying and I had some cushion w/savings and my wife working a teacher position (nothing fancy).  

I will be GC and hiring the subs to do the work in order to save $.

Who do you know who would like better than-than-market returns on their investments and/or better-than-bank returns on their savings?

I think, to avoid any trouble for yourself, and to do what is ethical, is to take that savings you get back from Bob and bring everything up to code that you are aware are not up to code, and do better homework in the future. 

In the spirit of saving time I'm hoping you'll all see this Topic.Do you know of any ACTIVE real estate investing groups here in Montreal?