The house currently rents for $1450/month, we have long-term tenants, and we use a management company.

At this point we haven't gotten a legit VRBO reservation in about 2 months.

The house has been on the market for going on a month and a half.

I cant seem to get anyone to drill a well for at least 5 months - and I have to pray there's even water on my new property.

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

For those curious, if this applies to them, just follow these general principals: To qualify for the Section 121 exclusion you must: Must live in the home in the past 2 of the 5 years 24 months non consecutive required Must have owned the home for at least 2 years Only one spouse needs to meet the ownership testBoth spouses need to meet the use test Neither spouse has excluded a gain / used section 121 in the past two years Must file jointly for the 500k exclusion

After rent, utilities, and supplies are paid for, I average approximately $1,150 per month in cashflow.

Michigan has several great areas to invest with both positive appreciation and monthly cash flow.

Trouble is that I don't yet have long-term employment in place (just moved to the area a month ago).

So its been 3 months, how many have you picked up and how's it going ?