Seems like renting it with the above numbers would leave you, at best, very lean, and, at worst, in a negative cash flow position after accounting for property management, vacancy, repairs, and Cap Ex.For example:$1,800 Monthly Gross Rent - $1356 (PITI) - $180 (10% for Property Management) - $180 (10% for Vacancy) - $90 (5% for Repairs) - $90 (5% for Cap Ex) = -$96 Net Monthly Cash Flow (It would be even worse if you could only rent for $1,700 per month)While you might not need repairs or capital expenditures in the short-term, with a 12-year old house, you're probably past the midpoint on the useful life of some of the systems in the house (e.g.

I have a worthless associates degree in business admin, although I attended college later in life so it wasn’t a booze fest and I actually retained the bulk of what I learned. 

If this was in a major metro in AZ, I'd say to PM me, but I'd go with who you've got or maybe contact American Life Financial (notsohardmoney.com) and see if they are a play.

I had my own general contracting firm and I woke up every day looking for my next dollar and sifting through an endless stream of subs and workers who did not share my outlook on life.

So most hands-off and absentee landlords just keep on trying to maintain these out-of-date systems well beyond their natural service life.

Our finances currently look like thishigh interest credit card debt -$10,000student loans - around $15,000vehicles - around $25,000 (700 mo.)current mortgage- $100,000 (750 mo.)Salary combined - around $90,000 yr.I am wanting to do something along the lines of the book "set for life"What I would like to do is pay off all bad debt, maybe student loans also.

A "mold inspector" is qualified to use the word and a mold remediation company is qualified to clean it up.Instead of hiring someone qualified to determine the scope of the problem, the proposed solution is to grab a bunch of other non qualified people (the HOA and neighbors) and have them provide resources to determine if.... wet spot in one unit = Life damaging problem.My solution is to hire a qualified mold inspector that he pays for.

I use 10% until I have the property inspected to determine the current condition and life expectancy of all major components and appliances.  

That he wants to spend the rest of his life, however long that may be, as a human being. 

If it turns out that things change in their life, I have a "friendly buy back program" where they get some of their Option fee back if they move peacefully.