Also don't forgot there is tax on capital gain for over $500,000 when house is sold, andclosing costs typical goes around 5%-6%.So unless home appreciates A LOT, it doesn't seem to make sense to own a property as long as you are paying mortgage with interest, unless one can pay it all back in much shorter term (10 years or less).

We've seen record sales in the over $10mil market (which I will say is a small market probably compared to NYC, Miami, LA, SFO, SEA).My thought is the biggest risk seems to be 8+ year and older homes in the suburban markets, that have not been updated and over $1mil. 

Seems like a good deal to me. 

It seems like we are dealing with very similar conditions.I would love to hear how you adopt your pricing strategy with your portfolio.

Since you are in escrow seems like it's pre-foreclosure not an auction sale? 

This is doable however my time to find, procure, and renovate rentals is very restricted due to my life on active duty.When looking strictly at the numbers a mortgage provides a better CoCR and a better ROE, but stepping back and looking at more plain facts it seems like leaving the house paid off is the best bet, thoughts? 

This may not matter other than demonstration that you weren't doing as good as you thought and you're not as bad off now as it seemed relative to what you thought. 

The training on the site seems to be geared towards beginning as well as experienced investors.  

We brought this up to the agents attention and quickly dismiss it saying the sellers won’t accept to create a hole on the attic, that the house is buy as it is (this was never in the terms to begin with) We offered to pay for the handy man to close the hole afterwards too & nothing. mind you, it’s not a cheap home, it’s not for closure home, seems to be in decent conditions.

My first issue is I live in a HCOL area (NY) and investing locally seems like numbers are not worth it.