Property tax assessment = $410K land, $40K improvements (building) = minimal depreciation deduction.Current home will rent for at least $2200, up to $2500.Mortgage on current home = $295K, $1350/mo.Property tax on current home = $550/moHomeowners Ins on current home = $75/moCurrent home will likely not go up in value very much over the next 3 years.So, is it a better financial plan to rent the current home, and be able to take tax deductions, and assume negligible effort as a landlord, or sell the home, and invest the ~$250K cash that will come out of the sale?

Scott is now even out there pitching his secrets to making money with his Lifetime Wealth Academy.

If you rely on minimal debt and paying off properties quickly:Pay less and enjoy more cash flow. 

If you do buy it, try to convert the units to shared housing if you can as they come vacant....it will maximize your rental income and minimize costs & vacancy.

The cost of the roof varies by the pitch, angles, height, installer, brand and type of shingle, decking etc.

if the realtor knows all your offer details, it shouldn't take more than a half hour if it is done electronically, or more than an hour by hand (provided you don't have minimal amendments)

NOTE, they are not the ones with the slick sales pitches wearing the suits!

@Corey Davis Great question:Owner's goal is to minimize credit harm and find a new beginning as smoothly as possible.

After 30 days of excuses why contractor can’t start, no clear schedule, minimal communication and ultimately minimal results, I fired him.

I have recently found ways through networking that profits 500-600+ per month with very minimal start up costs (100 bucks).