This combined with the $100k overpayment puts you in a tough spot, especially after you factor in costs.If the numbers work for your situation and you are willing to take the loss then selling no w may be the way to go (how much time will it take to recover the loss by getting into other properties?).

To the best of my knowledge you won't get any of your social security benefits reduced since the rental income will not be included in the retirement earnings test but with a rental income that high, 85% of your social security benefits will be taxable so your social security will be reduced but not due to the retirement earnings test but instead due to crossing the "Combined Income" threshold.

And this is the best investment with a combination of passive income and higher ROI.

Buyers rarely notice or care about things like this - as long as it's not in an area of the property where someone may logically want to build an addition or other permitted structure, it will already be disclosed at resale through the title report and shouldn't be an issue. 

I started with 1 and the past few years I would buy a fixer upper and use the noncapitalized repairs and expenses on it and the noncapitalized repairs and expenses on the existing units and combine that with the depreciation on all the units to offset the gains on the ones rented.

All the "boots-on-ground" agents I have talked to encouraged me to go for it as that it very rare to find 1% rules properties in Austin MSA and this will be appreciation play. is this true?

Affordable housing starter homes is where the growth market is.If it were me, I would turn around and sell them all for a profit and buy other cash flowing multi units but you have a great opportunity for tenant buyers if you wanted to rent for a while and sell 1 when you see a better opportunity.I would not combine your properties.

It is the rare instance where we even allow tenants to make repairs. 

Good properties rarely fall into your lap. 

cart before the horse.. then the money goes to the title company.unless this guy is making an unsecured personal loan to you.. and that would be quite rare .. here is how one scam goes.they say they sent you to much money please wire back the extra to me..