. $70 monthly (IO) so as long as you can get $70 more for the larger of the two, you will be fine.Also, the larger house needs less repairs according to your figures and is newer (better resale value down the road & possible less capital expenses).In the end, it is a personal decision you must decide and above are only my observations.

Creedog: I think the best way for you to start is not by focusing in REI straight away, but to read self help/motivational books like Rich Dad Poor Dad, Think and Grow Rich, etc.

Sometimes, investors just have poor taste!

As Mike said, although this deal on the estimations is entirley bad, it certainly is not a good one and after plugging in the actual numbers (what can be verified and not estimated), you may find it to be a poor one.

That might drive your decision.

A more professional tenant would have just listed everything in poor condition so they would not have to pay anything after they destroy your property.but I think I will not deduct anything since he is letting me in there to replace it. normally I would have to wait till after he moved out so thats a plus.If a tenant stole your furnace, would you replace it for free if the tenant was nice enough to let you into your rental?

I'll add my points.Normally you would make this decision based on ruturn on investment.

We should be hearing back from them in the morning as to a final decision, and hopefully we will submit the contract to our title company tommorow to open title, and we can start to market it to an end buyer.I will keep you all informed as to how it goes.

Poor guy got sold a bill of goods and got the house for $32,000.00 CASH which in this area is a decent chunk of change.

Folks, why would you let someone else make your decisions for you?