Both of our banks we are preferred customers.  

Baltimore is a great place to create equity.If you understand the system be a good landlord, treat your tenants like customers - you'll do well.Charlie

Any capital improvements you made on the property should lessen that tax burden on this sale, however, your CPA should have already explained that. 

This looks significantly narrower.The hardest of North American hardwoods is hickory, which is what this floor is made of.

The one caveat to this is that your loan repayments are made with after tax money that will be taxed again when the funds are withdrawn from your 401(k) at some point in the future.   

We made the offer without seeing the same day we got the call from our agent.

Seek for mentors in your area or participate in internet forums to network with seasoned investors.Keep in mind that developing competence takes time, and by demonstrating curiosity at an early age, you've already made great progress.

If you've made it this far into the small book I've typed here, thanks for sticking with me. 

What made you interested in investing in this type of deal?

Purchase price: $104,000 Cash invested: $20,000 Deal Deep Dive: Strategy: Buy and Hold Mid-Term Rental Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.