If the wiring is nonmetallic cable (romex - plastic looking outside layer of insulation) and has a ground wire (3rd wire, bare copper) it might be fine to keep.

@Melissa BassTo do well in property buying in South Carolina, it’s key to mix with others and keep up with what's new in the market.

We are looking to buy a home And keep our current home as a rental property.

Over asking with a low rate might.From my perspective I would want to keep this a debt arrangement, not an equity one. 

. - that's helpful info for me to keep in mind.Anybody else have any ideas for me?

You keep all of your commission unlike 99% of other brokerages.

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

I originally think that Florida's insurance is off control, then I found the NC properties' insurance increased 40% from last year and tax will increase also.With current inflation(3%, 30%, or 300%), more and more people can't keep a home in most place although the interests maybe under 4%. 

Why are you trying to keep a “nasty tenant”?

He says he can keep track of the losses to carry forward from a K-1 until they start showing profit.