Have a bit of a unique situation.Got a tenant in a SFR 3/2 property.

While this installation has been educational and well on its way to paying for itself, recent advances in photovoltaic system (cost/efficiency) combined with heat-pump hot-water heaters has us at a point where is may be more cost effective to heat domestic hot water in this manner than using solar thermal.

When you are through with your acquisitions, or have more money rolling in than you need for acquisitions, then start the pay down.Each person's situation is unique.

Look at how price appreciation works when combined with leverage:Purchase $100K house with 20% down Interest Only (just for simplification) at 6%.

I bought my first to the criteria belowFile NameNewList01-14-14aCount300 (excludes duplicate mailing addresses)DatabaseCreate Your OwnCreated Date01-14-14,5:31Purge Date07-13-14List of CriteriaZIP + Radius 77389 (20 mile radius)(All) Combined Loan To Value 21-30 %Equity(%) 40 to 100 %Bedrooms 3-5ADDRESS-COMPLETENESS Mailing Address CompleteCORPORATE-OWNED ExcludeSelected Bundle ElementsPending Auction SaleReports SelectionOnly Records 300Records From 1Records To 300Search Output Fields Owner 1 Label NameOwner 1 Last NameOwner 1 First NameOwner 1 Middle NameOwner 1 SuffixOwner 2 Label NameOwner 2 Last NameOwner 2 First NameOwner 2 Middle NameOwner 2 SuffixOwner Care Of NameMail AddressMail CityMail StateMail ZIP CodeMail ZIP+4Mail Zip/Zip+4Mail Carrier RouteMail CountryProperty AddressProperty House NumberProperty House Number PrefixProperty House Number SuffixProperty House Number 2Property Pre DirectionProperty Street NameProperty Street Name SuffixProperty Post DirectionProperty Unit NumberProperty CityProperty StateProperty ZIP CodeProperty ZIP+4Property Zip/Zip+4Property Carrier RouteCountyCombined LTV RatioZip CodeEquity (%)BedroomsWhen I looked at one of the properties on the Harris county tax records auction it said no tax due?

From the numbers above, the updates that were made, and your unique knowledge of the market, it sounds like a good long-term strategic fit for your portfolio.

Deductible is $1000 I did not want personal property coverage since the appliances I am leaving do not cost more than $1000 combined, but even with that it was going to be $630.

A combination of dummy cameras and no trespassing signs could help deter the average trespasser.

:) In fairness, the deal was unique enough that I had to spend a few dollars on a dirt lawyer explaining the finer points to the title company, but when the dust settled the realtor got his 3%, the new owner got a rehabbed house, and I walked away with just over $30K which I plowed into my next property...an actual build.4.

The farm sat vacant for 2 years before we were able to fill it ourselves from CraigsList postings in nearby metro areas (DC & Baltimore--about 2 hours away).Interestingly, the tenant we found was from another rural area in WV who had a unique story and has turned out to be great.